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Vale to offload Degulla: reports

BRAZILIAN giant Vale is reportedly seeking to further wind down its Australian coal assets by offloading its Degulla mine in Queensland after the company wrote down its Australian coal assets by $A1 billion in February.

Lau Caruana
Vale to offload Degulla: reports

Degulla, which is in Queensland’s Galilee Basin, could produce up to 40 million tonnes of coal but would require $8 billion of development. The project sits beside Gina Rinehart’s Hancock Prospecting and...

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