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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
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)
07/30/201506:09:06Brazil's Vale 2Q Net Profit Up 17.3% to $1.68 Billion
07/29/201509:25:00Signing of Memorandum to Trigger Business Expansion - Report...
07/23/201511:31:37Report of Foreign Issuer (6-k)
07/23/201503:50:48Fortescue Deepens Cuts as Iron-Ore Downturn Bites
07/21/201517:15:15Brazilian Stocks Fall, Currency Strengthens
07/14/201520:02:38Iron-Ore Trade Quiet as Sellers Hold Cargoes -- Market Talk
07/13/201506:02:08Report of Foreign Issuer (6-k)
07/10/201516:40:09Swiss Question Witnesses in Guinea in BSG Resources Bribery Probe
07/06/201517:47:37ADRs End Lower; Financial Firms Decline
07/06/201510:05:24Report of Foreign Issuer (6-k)

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