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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
02/05/201616:02:00Six Members Resign From London Metal Exchange--Update
02/05/201615:50:00Six Members Resign From London Metal Exchange
02/05/201615:37:00Six Members Resign From London Metal Exchange
01/26/201617:25:00Rio Tinto to Sell Mount Pleasant Coal Deposit for US$224 Million...
01/18/201617:18:00Rio Tinto Records 11% Jump in Annual Iron-Ore Shipments
01/14/201611:28:00Rio Tinto Freezes All Salaries Including CEO's for 2016
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01/07/201607:10:00Oil and Mining Stocks Drag FTSE 100 Lower
01/06/201605:30:00Global Stocks Pressured by North Korea, China
12/30/201501:06:00Australia Shares Climb to Two-Month High
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12/23/201517:27:00ADRs End Higher; Oil Majors Rise
12/20/201521:10:00Japan Leads Asian Shares Lower
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12/18/201505:10:00Global Stocks Slip as Commodity Price Worries Return
12/18/201502:07:00Australia Shares End Flat, but Market Gains for the Week
12/15/201511:34:00Copper Prices Fall on Supply Outlook, Fed Jitters
12/15/201503:00:00Rio Tinto Lines Up Billions to Expand Massive Mongolian Mine
12/15/201502:36:00Rio Tinto Lines Up More Than $4 Billion to Expand Mongolian Copper...
12/15/201501:52:00Rio Tinto Lines Up $4 Billion to Expand Massive Mongolian Copper...

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