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An Indian conglomerate's plans to open up a new coal-mining province in northeastern Australia has secured the backing of Aurizon Holdings Ltd. (AZJ.AU), the nation's largest rail freight operator.Aurizon said Monday it has agreed to acquire a majority interest in rail and port projects planned by India's GVK Group and billionaire Gina Rinehart's Hancock Prospecting Pty Ltd., which aim to link Queensland state's Galilee Basin with Abbot Point, Australia's most northerly coal port.Construction of a new terminal at the port and a rail line to connect it with the GVK Hancock venture's planned Alpha, Kevin's Corner and Alpha West coal mines is estimated to cost 6 billion Australian dollars (US$6.13 billion).The exact terms of the deal are yet to be finalized, and it needs third party approvals and satisfactory due diligence to progress, the companies said in a joint statement.Aurizon plans to take a 51% interest in Hancock Coal Infrastructure Pty. Ltd., which houses the GVK Hancock venture...
Hundreds of millions of people across India were left without power on Tuesday in one of the world's worst blackouts, trapping miners, stranding train travelers and ...
FNC contributor Monica Crowley and FBN’s Adam Shapiro on an Olympic athlete who broke his bronze medal in the shower, the blackout in India, Mitt Romney’s VP app, and the 100th birthday of economist Milton Friedman.
California officials responsible for the state's electric grid are scrambling to avoid blackouts in southern California this summer following news that a major nucle...
Federal regulators said Tuesday a massive power outage last year in the U.S. Southwest and northern Mexico could have been avoided if grid operators had been running...
Federal regulators said Tuesday that a massive power outage last year in the U.S. Southwest might have been avoided if grid operators had been running the transmissi...
DOW JONES NEWSWIRESBUENOS AIRES -(Dow Jones)- Argentina's electricity sector is limping along with very low private investment and there is a risk to its long-term s...
FBN’s Rich Edson on the risks of cyber attacks to the U.S. power grid.
Jarkesy and Co CEO George Jarkesy argues that new EPA regulations will cause power outages throughout the nation.
Is Congress listening about the news that an estimated three-quarters of the country's nuclear sites have leaky pipes?Two top elected officials have heard the news, ...
(Reuters) - The following is a roundup of the effect on the energy and commodities sector of the devastating earthquake and tsunami that struck the northeast coast o...
The debate now going on at Wall Street houses like RBC Capital Markets, Bank of America/ Merrill Lynch , Goldman Sachs , and Nomura Securities isn’t about whether Ja...
FBN's Connell McShane breaks down the stories moving the markets around the world.
As Sandy moved west so did power outages. A U.S. Department of Energy update Tuesday afternoon added Kentucky to the list of states experiencing widespread blackouts...
At best a power outage is a minor inconvenience that gives the family a chance to eat by candlelight and the kids an opportunity to discover a world away from the TV...
Millions of people in the eastern United States awoke on Tuesday to flooded homes, fallen trees and widespread power outages caused by the giant storm Sandy, which s...
Former Joint Chiefs of Staff Member Col. Cedric Leighton on the national security risks from cyber attacks.
‘The Coming Collapse of China’ author Gordon Chang and FNC contributor K.T. McFarland on the potential risks to U.S. national security from Chinese companies such as Huawei and ZTE.
India's federal government is proposing amending the Electricity Act to give more muscle to regulators to prevent states from drawing too much power from the nationa...
Utilities in Louisiana, Mississippi and other Gulf Coast states were preparing Tuesday for hurricane winds and flooding that could knock out power, while Florida cre...
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