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1.Market Observations

26 Nov 2013 (TheAge) – Soft coal market forces rail rethink

(26 Nov 2013, The Age, BusinessDay, p21, Brian Robins)

‘The weak coal market has forced promoters of a multibillion-dollar rail project in Queensland to adopt a more limited plan, with common user access, to get it off the ground.’

‘The Hancock Prospecting-GVK partnership wants to link several coal projects it hopes to develop in the Galilee Basin in central Queensland to the Abbot Point coal port. But the downturn in steaming coal prices and demand has forced it to scale back  plans amid widespread caution prices and volumes might  remain subdued for some time.’

Read more at SMH.com.au

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