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.
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 "...