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Vale to sue Aquila over Belvedere

BRAZILIAN resources giant Vale will take Aquila Resources to the Supreme Court of Queensland to contest an independent valuation of the Belvedere hard coking coal mine provided by the Perth-based company as part of their joint venture agreement.

Lau Caruana
Vale to sue Aquila over Belvedere

This agreement gives local Brazil subsidiary Vale Belvedere an option to acquire the 24.5% interest in the Belvedere project owned by Aquila’s subsidiary BD Coal, but the two parties cannot agree on a...

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