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Aussie Mining Co. Inks $60B Chinese Coal Supply Deal

Law360, New York (February 08, 2010) -- Australia-based mining giant Resourcehouse Ltd. has reportedly reached a $60 billion deal to export coal to China Power International Development for 20 years.

The Australian reported Monday that Resourcehouse, helmed by mining billionaire Clive Palmer, had come to an agreement to provide 30 million metric tons of coal a year for about $3...

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