ABU DHABI/WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the ...
Read More »China’s Aussie coal deal boosts link to fuel-hungry world
Bloomberg China isn’t just buying Australia’s coal assets, it’s also expanding access to the limited infrastructure needed to ship it globally. Yancoal Australia Ltd.’s $2.45 billion purchase of the biggest slice of Rio Tinto Group’s coal operations will double the Chinese-owned miner’s output in the country. The deal also includes a 36.5 percent stake in Port Waratah Coal Services ...
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