Vale Inco’s Increase Shareholding in Beleverde JV
Vale Inco is a wholly-owned subsidiary of Vale (Vale S.A.) of Brazil, has confirmed that it plans to increase its shareholding with partner Aquila Resources of Beleverde coal joint venture (JV) in Australia from 51% to 75.5%.
When all feasibility studies and regulatory approval has been completed the Belverde project will start coal exportation by 2014.
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Wed, May 19, 2010
Post by Mike Rodger, Coal Reporter