trending Market Intelligence /marketintelligence/en/news-insights/trending/xSRAeWEpH5TbcCpLmbXo8g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Vale sells additional Australian coal assets

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Report: Vale sells additional Australian coal assets

Vale SA agreed to sell its stake in the Carborough Downs coal mine as well as several undeveloped adjacent tenements including the Red Hill and Ellensfield coal deposits in Queensland, The Australian Financial Review reported Dec. 12, but did not specify its source.

The buyer, coal billionaire Hans Mende's coal vehicle, Fitzroy Australia Resources, acquired the assets for an undisclosed amount, according to the publication.

The deal also included the Broadlea coal mine, which is under care and maintenance.

Vale will keep three coal assets in Australia, including the Eagle Downs coking coal project that is under construction, the Belvedere coal deposit in Queensland, and an early-stage asset in the Galilee Basin.