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Whose interests?It is not only foreign investors that are reaping the rewards from the New South Wales coal industry. New South Wales producers are also benefiting with Xstrata's 2004 annual profit up 277 per cent on 2003, BHP Billiton's half-yearly profit up 127.3 per cent from the corresponding period in 2003, and Excel Coal's net profit for the six months ending December 2004 up 427 per cent. |
SearchRandom image Upcoming eventsPopular contentRandom Quote"What surprised us was how quickly it happened. It's pretty alarming. Even 10 years ago, scientists assumed that when global warming changes occur that it would happen gradually, so that perhaps we expected these ice shelves just to melt away quite slowly. But the big surpirse is that, for one, they are going, but, secondly, that when they do go, they just go suddenly. It's all at once, in the span of an hour." |
