Coal Investing News » Vale Inco’s Increase Shareholding in Beleverde JV

Vale Inco's Increase Shareholding in Beleverde JV

May 19, 2010 @ 6:51 pm In Coal Market News

Vale Inco ^[1] 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.

Click here to access the entire news ^[2]

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URL to article: http://coalinvestingnews.com/1422/vale-incos-increase-shareholding-in-beleverde-jv/

URLs in this post:

[1] Vale Inco: http://www.inco.com/

[2] Click here to access the entire news: http://www.miningweekly.com/article/vale-may-increase-stake-in-australia-coal-jv-aquila-2010-05-19