Vale appeals Belvedere verdict

VALE has appealed against a Queensland Supreme Court decision that had ordered it to resume the process to determine a fair market value for Aquila Resources’ 24.5% stake of the $A2 billion-plus Belvedere hard coking coal project.

Vale appeals Belvedere verdict Vale appeals Belvedere verdict Vale appeals Belvedere verdict Vale appeals Belvedere verdict Vale appeals Belvedere verdict

Aquila says it is “disappointed” as Vale’s appeal will cause further delays.

A year ago Vale acquired private resources company AMCI’s 24.5% stake in the project for $US92 million.

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