time to sell , page-8

The price will keep on rising IMO it appears the Indian company is active in Qld.



"It may be mentioned here that AEL is close to acquiring a mine with 7-8 million metric tonne of coal from Linc Energy at Queensland in Australia. According to experts, the Queensland mine has a capacity to produce 70 million tonne of coal per annum in next three years. In a bid to control the entire value chain, MPSEZ will commission a coal terminal with a capacity of at least 30-60 million tonne per annum at Dudgeon Point in Queensland (subject to technical and commercial feasibility in Australia).

Meanwhile, the North Queensland Bulk Ports Corporation of government Queensland, Australia has already selected MPSEZ as the preferred proponent for the development of new coal export terminal. MPSEZ has also proposed to acquire Australias state-owned Port of Brisbane."

Link to full story:

http://economictimes.indiatimes.com/markets/stocks/market-news/Investors-lap-up-Adani-Enterprises-about-4000-crore-QIP/articleshow/6198611.cms