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Was This You…?

February 9, 2010

You being a media output or broadcast news bulletin less than a week ago.. the Aussie miner dealing coal to China.. seems somewhat overblown.. if you hear it from the China-side that is..

Reuters lead with the backup..

Millionaire mining magnate Clive Palmer has moved to clarify earlier statements regarding a coal sales agreement between a Chinese company and his commodities group Resourcehouse Ltd, saying that earlier reports were based on his own estimates.

The clarifications come after China Power International Development Ltd (CPID) denied media reports that it had agreed to buy 30 million tonnes of coal annually for the next 20 years from Resourcehouse.

H/T: bizspec

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