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Waratah Coal Will Continue To Pursue Abbot Point Terminal Plans

SYDNEY -(Dow Jones)- Waratah Coal, an Australian explorer and developer controlled by billionaire Clive Palmer, said Monday it will continue to pursue plans to develop a stand-alone jetty and coal stockyard terminal within the Abbot Point state development area in Queensland state. The company confirmed it will push ahead with its plans after the state government Saturday withdrew its support for a A$9 billion expansion of the coal port, which would have grown the port to nine separate terminals with an overall capacity of 385 million metric tons. "The government's scaled back approach will now provide an extra two new wharfs at Abbot Point for future Galilee and Bowen basin coal producers, for which Waratah will seek interim capacity," it said in a statement. Other so-called preferred respondents selected to build terminals at the site included Anglo American PLC (AAL.LN), Rio Tinto PLC (RIO), Vale S.A. (VALE), a consortium of Peabody Energy Corp. (BTU), New Hope Corp. (NHC.AU) and Carabella Resources Ltd. (CLR.AU), and a local subsidiary of China's Meijin Energy Group, MacMines AustAsia. Anglo-Australian mining company Rio Tinto, however, recently said it would withdraw from the project. -By Rhiannon Hoyle, Dow Jones Newswires; 61-2-8272-4625; rhiannon.hoyle@dowjones.com

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
09/04/201516:04:10Report of Foreign Issuer (6-k)
09/02/201507:45:17Report of Foreign Issuer (6-k)
09/01/201514:13:12Report of Foreign Issuer (6-k)
08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
08/24/201504:20:00Turbo Power Systems to Get New Parent; Strategic Review Continues
08/14/201513:02:52Report of Foreign Issuer (6-k)
08/13/201510:50:37Vale to Investigate Nitrous Oxide Leak at Northern Ontario Nickel...
08/11/201517:50:53ADRs End Lower; Miners, Steelmakers Among Decliners
08/06/201506:04:45Report of Foreign Issuer (6-k)
08/05/201516:30:55Report of Foreign Issuer (6-k)
07/30/201510:11:19Brazil's Vale Posts $1.68 Billion Profit--3rd Update
07/30/201510:09:35Report of Foreign Issuer (6-k)
07/30/201510:09:09Report of Foreign Issuer (6-k)
07/30/201509:43:36Brazil's Vale Sells Minority Stake In MBR For BRL4 Billion
07/30/201508:33:59Brazil's Vale Posts $1.68 Billion Profit--2nd Update
07/30/201508:07:09Report of Foreign Issuer (6-k)
07/30/201507:38:05Brazil's Vale Posts $1.68 Billion Profit--Update
07/30/201506:59:15Report of Foreign Issuer (6-k)
07/30/201506:09:27Report of Foreign Issuer (6-k)
07/30/201506:09:26Report of Foreign Issuer (6-k)

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