As one American described such a deal, the first stage is when it is "set" and the second when it is "set set." An official from China Power International Development said that what the two companies had signed was an agreement of intent, and they had not yet started price negotiations.
Resourcehouse, the Australian coal and iron-ore project developer planning a Hong Kong listing next month, claimed it had signed the massive deal with CPI, according to which Resourcehouse would supply 30 million tons of coal annually to CPI over next 20 years.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved