Vale Seeks to Build Queensland Coal Port on Tripling of Australian Mines

Bloomberg reported that Vale SA (EPA:VALE3) may construct its own coal port in Australia.

The market news is quoted as saying:

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.

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