Vale Increases Beleverde Coal JV Share

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.

Click here to access the entire news