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Babcock delays coal port expansion by 3 months
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Friday, 13 Feb 2009
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Australia’s biggest coking coal export harbor Babcock & Brown Infrastructure Group said that it planned expansion of the port has been delayed by three months because of adverse weather conditions.

Babcock in a statement to the Australian stock exchange said that the expansion to a capacity of 85 million tonnes a year from 72 million tonnes is expected to be completed by Jun. It said that the previous schedule was for completion by March.

(Sourced from Bloomberg.net)

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