| Abstract: |
Brazilian mining giant Vale could increase its shareholding in the Beleverde coal joint venture (JV), in Australia, from 51% to 75,5%, partner Aquila Resources reported on Wednesday.
Aquila’s JV partner in the project, AMCI, would become a wholly owned subsidiary of Rio Doce Australia (RDA), which is a subsidiary of Vale. Vale’s subsidiary, Vale Belverde, currently holds the group’s 51% interest in the project. |