Coal Energy Deal Australia $60 Billion China Reports - James Rickman

Resourcehouse Ltd., the Australian company reports it signed a $60 billion, 20-year agreement to supply coal to China Power Inter. When you need a lot of money there is no better place to get it than in China," said Clive Palmer, who controls privately-owned Resourcehouse. This is Australia's largest single, non-syndicated, finance deal, and the interest from China highlights the strength of...