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Australia coal on the rise despite banks walking away

Thu, Aug 13, 2015 - 5:50 AM

Australia's coal exports are forecast to rise this year to 202.9 million tonnes, second only to Indonesia and nearly twice that of Russia, government data shows.

PHOTO: BLOOMBERG

Sydney

STANDARD Chartered has become the second bank in a week to walk away from a multi-billion dollar Australian coal project, leading environmentalists to claim a major victory in one of the world's top coal-producing nations.

But while coal becomes increasingly viewed as a "...

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