February 6, 2010 6:06 PM

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Australian firm signs $60B coal deal with China

An Australian firm has signed a 60 billion Dollar deal to supply coal to Chinese power stations. Chairman of the company, Resource house, said it is Australia's "biggest ever export contract". Under the deal, the firm will build a new mining complex to give China Power International Development 30 million tones of coal a year for 20 years.

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