Friday, 19 Aug 2011
Reuters reported that global miner BHP Billiton is looking to build a new rail line between some of its inland Australian coal mines and the coast in a move that could threaten dominant coal haulage firm QR National.
QR National relies on the miner for about 40% of its business in the coal mining state of Queensland.
The plan was to build a rail line from Queensland's Bowen Basin, source for most of Australia's exports of steel making coal, to a port at Abbot Point where BHP Billiton was preferred developer for a new coal export terminal.
(Sourced Reuters)
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