Independent journal on economy and transport policy
08:26 GMT+2
Vale Seeks to Build Coal Port in Australia as Output Gains
(Bloomberg)
June 23, 2011
By Elisabeth Behrmann Bloomberg
Vale SA (VALE3), the world's biggest exporter of iron ore, is seeking to build its own coal terminal in Queensland state as it expands production from three to nine mines in Australia.
Vale plans to apply to build one of the four new export terminals being planned as part of a A$6.2 billion ($6.5 billion) expansion at the Abbot Point coal port, Steve Badenhorst, Vale's director of operations for Australia, said today in Sydney ...... Read more on Bloomberg
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