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Brookfield set to sail from $2b-plus Qld coal port
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Brookfield set to sail from $2b-plus Qld coal port

Canadian investment heavyweight Brookfield is seeking a buyer for its big coal port in Queensland.

Street Talk can reveal Brookfield has hired investment bank Bank of America to auction the Dalrymple Bay Coal Terminal, which is one of the largest coal exporting ports in the world.

It is understood Brookfield and Bank of America have booked meetings with potential buyers for coming weeks ahead of a formal auction.

The port has a $2.4 billion regulated asset base, as deemed by the Queensland Competition Authority, and Brookfield is expected to seek more than that amount given appetite for similar assets in Australia and offshore.

Dalrymple Bay Coal Terminal, which commenced operations in 1983, services Bowen Basin coalminers including BHP Mitsui, Anglo American and Glencore.