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Vale Seeks to Build Queensland Coal Port on Tripling of Australian Mines
Jun. 23, 2011 08:11AM PST
Industrial Metals InvestingBloomberg reported that Vale SA (EPA:VALE3) may construct its own coal port in Australia.
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.