Coal, News & Features, Resource News
Gina Rinehart gets back into coal
By The Australian · August 8, 2012 · 8:59 pm · Leave a Comment
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By Andrew Burrell
GINA Rinehart may have offloaded the bulk of her coal assets last year to India’s GVK Group for $1.26 billion, but the billionaire is hardly shying away from investing in the sector despite the slumping price of the commodity.
A Galilee Basin explorer, Cuesta Coal, yesterday announced a $3 million deal with Mrs Rinehart’s wholly owned Queensland Coal Investments over two tenement applications covering more than 1000sq km in the eastern part of the basin.
