A minority shareholding in the Newcastle coal export terminal is not a large part of BHP Billiton's $US100 billion resources empire.
But a setback refinancing the terminal underlines how even some of the biggest companies in the world are struggling to attract financing for coal-related projects.
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James Chessell is the Editor-in-Chief of The Australian Financial Review. He is the former Executive editor of The Sydney Morning Herald and The Age, and a former Business editor and Europe correspondent at the AFR. Connect with James on Twitter. Email James at james.chessell@afr.com
