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    coal investing

    Vale Increases Beleverde Coal JV Share

    Investing News Network
    May. 20, 2010 01:58PM PST
    Industrial Metals Investing

    Vale do Rio Doce (CVRD), Brazilian mining giant, is planning to increase its Beleverde coal joint venture (JV) shareholding in Australia to 75.5% from a previous 51%.  The news is confirmed by Aquila Resources Inc. (TSX: AQA), an exploration company with interests in coal and iron ore.
    Vale’s subsidiary Rio Doce Australia will be be owning […]

    Vale do Rio Doce (CVRD), Brazilian mining giant, is planning to increase its Beleverde coal joint venture (JV) shareholding in Australia to 75.5% from a previous 51%.  The news is confirmed by Aquila Resources Inc. (TSX: AQA), an exploration company with interests in coal and iron ore.

    Vale’s subsidiary Rio Doce Australia will be be owning AMCI which is Aquila’s JV partner in the project.

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