CAPITAL MARKETS

RAG eyes Australian coal mines

GERMANY'S largest coal producer, RAG Coal International AG, has Australian mines on its shopping list as it positions itself to ride a predicted 35% rise in Asian coal demand over the next two decades.

Greg Tubby

"It is our intention to invest in Australia," the company's chief financial officer, Heribert Protzek, told the Coaltrans Asia conference in Sydney today, Bloomberg reported. "Asia's demand for coal...

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