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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
05/06/201604:00:00Rio Tinto Announces Latest Stage in Oyu Tolgoi Project
05/06/201603:23:00Rio Tinto To Start Next Stage Of Development At Mongolia Mine
05/06/201603:03:00Rio Tinto Maps Growth in Gloom -- WSJ
05/05/201608:32:00Rio Tinto Cuts Debt by $1.5 Billion Through Debt Tender Offers
05/05/201604:38:00Rio Tinto's Incoming CEO Focused on Cash, Projects -- Update
05/04/201620:15:00Rio Tinto's Incoming CEO Focused on Cash, Projects
05/04/201600:30:00Most Asian Stock Markets Fall Amid Renewed Weakness in Oil
04/28/201609:00:00Anglo American to Sell Brazilian Businesses to China Molybdenum...
04/28/201608:37:00Rio Tinto to Buy Back $1.359 Billion Debt
04/27/201619:12:00Rio Tinto Prices Offers for US$1.5 Billion Debt Repurchase
04/21/201613:15:00Rio Tinto Plans to Buy Back $1.5 Billion in Debt -Update
04/21/201609:34:00Rio Tinto Plans to Buy Back $1.5 Billion in Debt due in 2017...
04/19/201618:12:00ADRs End Higher; Mining Firms Rise
04/19/201613:43:00Correction to Rio Tinto Trims Iron-Ore Production Update
04/18/201621:00:00Rio Tinto's Iron-Ore Shipments Fall Sharply
04/18/201619:27:00Rio Tinto's Iron-Ore Shipments ​Fall Sharply
04/18/201604:10:00Oil Prices Fall 5% in Late Asia Trading
04/18/201604:02:00Australia Stocks Pulled Lower by Energy Firms
04/18/201604:01:00Oil Prices Fall 5% in Late Asia Trading -- 3rd Update
04/17/201622:10:00Stocks Fall Sharply in Asia

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