SOURCE: Industrial Info Resources

April 22, 2008 06:00 ET

Australia's Coal & Allied Investing $5 Billion to Double Production, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 22, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Coal & Allied Industries Limited is planning to invest $5 billion in new coal projects in Australia's Hunter Valley to more than double its coal production capacity by 2015. The target for the company, a subsidiary of Rio Tinto (NYSE:RTP), is to increase coal exports from 24 million tons in 2007 to 58 million tons per annum in seven years.

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