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http://www.abc.net.au/news/stories/2010/06/25/2936680.htm?section=business

New jobs created by brown coal export deal

Posted 11 minutes ago

A Victorian company will sign a deal to export brown coal from the Latrobe Valley to Vietnam.

The $400 million deal will see technology created by Environmental Clean Technologies (ECT) used to generate an exportable form of brown coal.

The company says its technology removes moisture from the coal to produce the equivalent of a black coal pellet.

As part of the deal, the company will build a production facility at Loy Yang Power station by 2014.

Ashley Moore from ECT say the project will have long-term ramifications.

"Yes we do expect it to be the first of many deals globally," he said.

Initially, the company will export 2 million tonnes of coal to Vietnam a year, eventually rising to 20 million tonnes.

The project is expected to generate hundreds of new jobs."