China Close to Signing on to Victoria Coal Project, Herald Says-China Mining

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China Close to Signing on to Victoria Coal Project, Herald Says

(Bloomberg)
Updated: 2009-07-14 09:56
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China is nearing a $1.2 billion agreement to transform Victorian brown coal into fertilizer, the Sydney Morning Herald reported, without saying where it got the information.

Several Chinese sovereign wealth funds are close to agreeing to provide most of the financing for a coal-to-urea project for the Latrobe Valley in the Australian state of Victoria, the newspaper said.

Relating

·Inner Mongolia's coal production atop nation's total in first half year
·China coal consumption surging on recovering power output
·China's coalbed methane sees strong growth
·Natural Gas from coal to take lead in China's chemicals development
·China continues to promote M&A among coal producers
·Coal field fires extinguished after 60 years in northwest China
·Coal mine accidents trap at least eight miners, rescue workers
·China's coal industry nets profits of 67.8 bln yuan in Jan-May with accelerated output
·Small-scale coalmines in Henan resume production
·China's fading iron ore and coal imports may drag down BDI in Q3

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