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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.

Blair Price
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. The Brazilian...

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