Hunter Valley News
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Glencore Xstrata Plc, the biggest exporter of power-station coal, is studying a plan to combine some of its Australian coal operations with mines run by Rio Tinto Group, two people with knowledge of the matter said.
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Glencore Xstrata Plc, the biggest exporter of power station coal, is studying a plan to combine some of its Australian coal operations with mines run by Rio Tinto Group, according to two people familiar with the matter.
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After Mark McGrath lost his job in Sydney in November, he tried to follow the thousands of Australians who headed to the nation’s mines, which have mopped up surplus workers and fueled growth for a decade. Not anymore.
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AGL Energy Ltd. ’s plan for a coal- bed methane project in Australia’s wine-growing and coal-mining Hunter Valley region sparked a protest outside its annual shareholders meeting in Sydney.
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Rio Tinto Group’s plan to expand a coal mine in the Australian wine-growing region of Hunter Valley was rejected by a judge, overturning a government approval.
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Ferngrove winery, which grows Shiraz, Cabernet Sauvignon and Semillon grapes in Western Australia’s Frankland River, last year faced declining sales and the prospect of breakup if business didn’t recover.
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The London interbank offered rate was expected to face a prominent U.S. critic yesterday as financial regulators look to improve oversight after three banks paid more than $2.5 billion in fines to settle interest-rate rigging charges.
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Treasury Wine Estates Ltd., the world’s second-largest listed wine company, is seeking out vineyards in cooler regions in preference to ones in warmer areas as climate change starts to shift growing seasons.
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AGL Energy Ltd., Australia’s second- biggest electricity retailer, may drop plans to invest about A$2 billion ($2.1 billion) on coal-seam gas in New South Wales after the state moved to restrict access to some areas.
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Thermal coal prices may gain in the third quarter after wet weather in Australia’s Hunter Valley crimped production amid signs demand is reviving in Asia, Citigroup Inc. said.
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