China Business News: MCC to invest US$3.1 bln in Waratah Coal

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MCC to invest US$3.1 bln in Waratah Coal

Jun. 1, 2009 (China Knowledge) - Australian mining company Waratah Coal on Wednesday announced that its thermal coal project in Australia will receive funding worth US$3.1 billion from Metallurgical Corporation of China (MCC),The Australian miner said in a statement on its website that MCC will borrow US$3.1 billion from Bank of China<601988><3988> for the giant thermal coal mine proje

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