Brookfield Asset Management has pumped the brakes on the A$2 billion ($1.3 billion) sale of its Dalrymple Bay Coal Terminal (DBCT) in Australia, citing travel bans prompted by the coronavirus, sources with knowledge of the matter told Reuters.
The DBCT is part of one of the largest coal exporting ports in the world, according to the owner company’s website. The terminal operates around the clock, exporting thermal and metallurgical coal from Central Queensland’s Bowen Basin mines to ports around the world.
The sources noted that the sale process had become impossible due to restrictions on travel.
On March 11, President Donald Trump declared a 30-day travel ban on all travel from Europe to the United States, exempting the United Kingdom. The announcement comes on the heels of the World Health Organization officially classifying the virus as a pandemic — one that has infected 133,101 people around the globe, according to a real-time
