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Queensland Scraps Plan For Abbot Point Coal Terminal Expansion -Report

SYDNEY -(Dow Jones)- The Queensland state government has scrapped plans for a $9 billion Australian dollar (US$8.85 billion) expansion of the Abbot Point coal terminal, the Australian Financial Review reported Saturday. The project was going to be privately funded, but partners such as Rio Tinto PLC (RIO, RIO.LN) had pulled out, according to the report. The state's infrastructure minister denied the decision was a sign the resources boom was slowing, in spite of the fact that commodity prices have been under pressure and mining giants have said they're reconsidering spending plans. Instead, the minister said funding constraints and environmental regulations got in the way of the terminal's expansion, according to the report. -By Cynthia Koons, Dow Jones Newswires; +61 2 8272 4691; cynthia.koons@dowjones.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
08/04/201504:18:37Australian Shares End Higher, Helped by Earnings and Sales Data
07/28/201504:28:06Australia Shares End Slightly Down; Energy Stocks Rise
07/23/201509:00:00Industrial Metals and Minerals Stocks under Review -- Uranium...
07/23/201503:50:48Fortescue Deepens Cuts as Iron-Ore Downturn Bites
07/22/201506:50:53Tech, Resources Stocks Weigh on European Markets -- Update
07/21/201503:51:17Australia Shares Extend Gains for Sixth Straight Day
07/20/201504:07:10Australia Shares Rise for a Fifth Straight Session
07/16/201518:01:37ADRs End Higher; National Bank of Greece Declines
07/16/201514:26:21Anglo American Takes up to $4 Billion in Write-Downs -- 2nd Update
07/16/201504:50:10Anglo American Takes up to $4 Billion in Write-Downs -- Update
07/16/201504:00:11Anglo American Takes up to $4 Billion in Write-Downs
07/15/201522:40:45Rio Tinto Trims Iron-Ore Export Target
07/15/201522:12:09Rio Tinto Scales Down Iron Ore Shipment Target-- Update
07/15/201519:21:40Rio Tinto Iron-Ore Shipments Jump 8% for Quarter
07/14/201520:02:38Iron-Ore Trade Quiet as Sellers Hold Cargoes -- Market Talk
07/09/201521:23:18Correction to Energy Resources Article
07/09/201519:23:14Energy Resources Reports 20% Drop in Uranium-Oxide Output
07/08/201518:45:13ADRs End Lower; National Bank of Greece Declines
07/08/201502:52:45Rio Tinto to Ship First Aluminum From Revamped Kitimat Smelter
07/06/201510:05:025 Stocks to Watch in Commodities

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