Coal Slump Leaves Australia Port Half-Used, Bank Lenders at Risk

Australia & New Zealand Banking Group Ltd. (ANZ) and Westpac Banking Corp. are among lenders risking losses on $3 billion of loans backing a coal port in Australia that will be twice its required size. Wiggins Island Coal Export Terminal Pty, the group comprising the unfinished project’s owners, …

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Coal Slump Leaves Australia Port Half-Used, Bank Lenders at Risk

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