Aquila Resources says it has resolved its differences with joint venture partner Vale, with the two parties agreeing to the settlement of a long-running legal dispute related to their Eagle Downs coking coal project.
WESTERN Africa is fast becoming known as the world's third major iron ore province, as miners explore and develop high-grade, low-cost prospects in the region.
Brazilian mining giant Vale has started legal action against Perth-based Aquila Resources after rejecting the Tony Poli-led iron ore and coal miner's valuation of the Belvedere coal project in Queensland.
Global miner Vale appears headed for a showdown with Perth-based Aquila Resources over a lucrative quarter stake in the proposed $2.8 billion Belvedere underground coal project in Queensland.
Brazilian company Vale is the latest mining giant to become a core industry participant at Bentley-based Parker Centre, which specialises in hydrometallurgical processing research for miners.
Heron Resources has suffered a blow with Brazilian mining giant Vale withdrawing from the $2 billion Kalgoorlie nickel joint venture, leaving the West Perth-based company looking for a new partner.
West Perth-based Rubicon Resources Ltd has entered into share subscription deed, evalution and farm-in agreement over its Warburton copper project with the world's second largest mining company by market capitalisation, Brazil's Vale.
