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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; [email protected]

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
02/25/201703:02:00Vale's CEO to Exit Amid Political Pressure -- WSJ
02/24/201717:04:18Report of Foreign Issuer (6-k)
02/24/201716:52:00ADRs End Lower; Baidu, Grana y Montero Trade Actively
02/24/201713:09:06Report of Foreign Issuer (6-k)
02/24/201713:07:00Vale CEO Murilo Ferreira to Step Down in May -- 2nd Update
02/24/201710:39:00Correction to Vale CEO Story
02/24/201709:49:00Vale CEO Murilo Ferreira to Step Down in May -- Update
02/24/201708:51:00Vale CEO Murilo Ferreira to Step Down in May
02/23/201715:34:00Vale Dusts Off Crystal Ball, Sees $70-$75 'Floor' for Iron Ore
02/23/201708:10:47Report of Foreign Issuer (6-k)
02/23/201708:10:27Report of Foreign Issuer (6-k)
02/23/201708:10:27Report of Foreign Issuer (6-k)
02/23/201708:10:26Report of Foreign Issuer (6-k)
02/23/201708:05:36Report of Foreign Issuer (6-k)
02/23/201708:05:30Report of Foreign Issuer (6-k)
02/23/201708:04:08Report of Foreign Issuer (6-k)
02/23/201706:18:00Brazil's Vale Climbs Back to Profit on Rising Commodity Prices...
02/23/201705:12:00Brazil's Vale Climbs Back to Profit on Rising Commodity Prices
02/21/201713:03:50Report of Foreign Issuer (6-k)
02/21/201706:09:52Written Communication Relating to an Issuer or Third Party (sc...

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