Vale deal with Ensham possible as Aquila dispute heats up

VALE Australia and Ensham Resources are believed to be in talks over a possible transaction to provide port and rail capacity to the troubled Eagle Downs hard coking coal project in Queensland, after failing to secure port and rail agreements earlier this year.

Vale deal with Ensham possible as Aquila dispute heats up Vale deal with Ensham possible as Aquila dispute heats up Vale deal with Ensham possible as Aquila dispute heats up Vale deal with Ensham possible as Aquila dispute heats up Vale deal with Ensham possible as Aquila dispute heats up

Eagle Downs is a 50:50 joint venture between Vale and Aquila and the project is located immediately downdip from BHP Billiton Mitsubishi Alliance’s Peak Downs mine – which typically sets the premium

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