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Australia moves towards new coal port

MarketWatch via Yahoo! | December 14, 2011 | 6:20 am Energy Asia Australia Europe Coal

Australia edged closer to the creation of a new 10 billion Australian dollar (US$10.02 billion) port focused on exporting coal to Asia when the state of Queensland allocated land to units of Brookfield Asset Management Inc. BAM +2.16% and India’s Adani Group for two terminals at Dudgeon Point on Wednesday.