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The
Australian mining subsidiary of India's Adani Group, ADANI Mining, has
inked a binding agreement with South Korea’s POSCO E&C Ltd.,to
develop the rail line for a long-delayed A$16.5 billion ($15 billion)
coal and rail project in Australia.
The cost and other contract award information
to construct a 388 kilometre rail line for the new Carmichael coal mine
in the eastern state of Queensland’s Galilee Basin with the port of
Abbot Point will be set by the end of 2014.Read complete story at http://www.tendersontime.com/blog-detail/posco-build-15-billion-queensland-coal-line-177.php
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