Tuesday, July 17, 2007

Australian Coal Group Wants Breakup of Queensland Rail to Cut Constraints

(Bloomberg) -- Coal mining companies in Australia's
Queensland state, which export A$18 billion ($16 billion) of the
fuel a year, want the state government to break up Queensland
Rail to reduce constraints on overseas shipments.

Mining companies may seek to buy parts of the rail network
to ease congestion between the railroad and ports, according to
e-mailed speech notes of Michael Roche, chief executive officer
of the Queensland Resources Council, who spoke today at a Sydney
conference.


Read more at Bloomberg Energy News

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