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Queensland Picks Bidders For Massive Abbot Point Coal Expansion

SYDNEY -(Dow Jones)- The government of Australia's Queensland state Thursday selected some of the world's biggest mining companies to build terminals at a planned coal port in the north of the state that could increase global coal trade by more than a third over current levels. The government said that Anglo American PLC (AAL.LN), Rio Tinto PLC (RIO), Vale S.A. (VALE), and privately-owned Waratah Coal had been selected as so-called preferred respondents. A consortium of Peabody Energy Corp. (BTU), New Hope Corp. Ltd. (NHC.AU) and Carabella Resources Ltd. (CLR.AU), known as North Queensland Coal Terminal, was also picked, along with a sixth group, Macmines Australia. The expanded port would have a capacity of 385 million metric tons, compared to global coal trade of 938 million tons in 2010. -By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

Stock News for Peabody (BTU)
DateTimeHeadline
01/29/201306:08:17Floods Disrupt Australian Mining Operations
01/25/201315:44:04WEEK AHEAD: Earnings Reporting to Continue with Tech, Energy
01/16/201315:28:26Mongolia Draft Mining Law Threatens Investment Climate -Business...
11/07/201214:36:14Strategists See Rocky Weeks For Stocks as Fiscal Cliff in Focus
10/26/201203:31:00Peabody Energy CEO Remains Confident on Coal Demand, Prices
09/11/201203:00:07BHP Says Queensland Royalty Hike to Hit Coal Profits
09/07/201202:20:16Peabody Continues Sale Talks For Australia Wilkie Creek Mine
08/31/201214:16:17Patriot Coal Reports $135.6 Million Loss in July
08/02/201217:46:05Judge Approves Patriot Coal's $802 Million Bankruptcy Loan
07/17/201209:23:25Peabody Energy in Pact with Kinder Morgan to Secure Gulf Coast...
07/16/201214:38:32Judge Approves Patriot Coal's Requests to Pay Vendors, Taxes
07/10/201219:10:15Judge Allows Patriot Coal to Access $802 Million Loan
07/10/201219:03:09Judge Says Patriot Coal Can Start Borrowing on $802 Million Loan
05/29/201206:57:00Patriot Coal Names New Chief Executive; Shares Up
05/24/201216:36:21Major US Shares Start Trading On Chile's Main Stock Exchange
05/22/201213:20:59Patriot Coal Fields Pitches From Restructuring Advisers -Report
05/21/201202:33:25Waratah Coal Will Continue To Pursue Abbot Point Terminal Plans
04/19/201209:01:58Peabody Energy 1Q Net Falls On Charges, Masking Revenue Jump
04/13/201212:14:11EARNINGS PREVIEW:US Coal Companies Cut Output In 1Q, Look Abroad
04/13/201201:09:31PTT Mulls Bid For Peabody's Wilkie Creek Coal Mine -Sources

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