resourcehouse deal 60b

This is not about ARH but Clive is still our largest and controlling shareholder.
Will be plastered all over the papers tomorrow.



Palmer?s Resourcehouse Wins ?Australia?s Largest? Export Deal

Feb. 6 (Bloomberg) -- Resourcehouse Ltd., the iron ore and coal company controlled by Australian billionaire Clive Palmer, said it?s secured Australia?s largest export contract, worth $60 billion.

The company reached a 20-year sales agreement with one of China?s largest power companies, China Power International Development Ltd., the flagship company of China Power Investment Corporation, Resourcehouse said today in an e-mailed statement that cites comments by Palmer.

The deal is for its proposed China First coal mine and infrastructure project in central Queensland state, the company said in the release.