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Glencore Xstrata shelves plans for coal terminal in northeastern Australia

Kerry Hall | May 13, 2013 | 6:07 pm Energy Australia Coal 

Glencore Xstrata (LON: GLEN) announced Monday it would cease work on the Balaclava Island coal export terminal in Australia. The company said it was cancelling the development due to poor market conditions for coal in the country even in the medium-term...

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