Tuesday, February 9, 2010

Resourcehouse 'Named Wrong Company' In Coal Deal Annoucement

Australia's Resourcehouse said on Tuesday that it made an error when referring to the name of the Chinese company with which it has sealed a major coal supply contract. Resourcehouse now says that it is actually working with China Power International Holding Ltd and not China Power International Development.

China Power International said in a filing to the Hong Kong Stock Exchange that it was wrongly identified at the weekend as having secured an agreement to purchase 30 million tons of coal annually from Resourcehouse Ltd.

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