20 August 2010 Aus & New Zealand

AUSTRALIAN COAL STILL WANTS TO BUY RAILWAY

A consortium of 13 coal companies has increased its bid for Queensland state railway assets by A$500 million to A$5.35 billion ($US4.8 billion), forcing the state government to rethink its planned floatation of Queensland Rail's (QR) coal line network. The revised offer was delivered with a caveat -

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