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Coal & Allied's earnings plummet

ONGOING shipping queues at the Port of Newcastle have blown out Coal & Allied's operating costs for the second half of 2006 - lowering its expected earnings for the period to $A60 million.

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Coal & Allied's earnings plummet

The result compares with 2006 first half earnings of $146.5m and 2005 second half earnings of $A163.7 million. Managing director Douglas Ritchie said the second half 2006 revenues were substantially...

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