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Aquila Resources and Vale Resume Coal Shipments from Isaac Plains

By Joel ScanlonJul 28 2011

Aquila Resources and Vale have decided to resume shipping coal from their mine in Queensland. Aquila Resources said that despite the coal being allowed to be shipped from Isaac Plains mine it was to seek legal action to claim damages for the cancellation of earlier shipments.

Brazilian mining company Vale and Aquila resources were unable to agree on terms to sell the coal from the mine in Queensland. This cancelled out shipments of coal causing damages to both. The current agreement to ship coal is a short term solution to the problem.

Chris Coombes the general manager of coal development at Vale said that the dispute had been getting to a stage where many people not directly involved would be affected. That was unacceptable he said. The circuit-breaker does get the job done and allows both parties to continue to conduct business he added.

The Issac Plains mine is not the only place the two companies are in dispute. They are also having trouble over the Eagle Downs project and the Belvedere coking coal project. Chris Coombes said that while the temporary solution at the Issac plains mine does not address all the issues, but it works and it's now up to them to continue negotiating a longer term lifting arrangement.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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APA
Scanlon, Joel. (2019, March 19). Aquila Resources and Vale Resume Coal Shipments from Isaac Plains. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=4597.
MLA
Scanlon, Joel. "Aquila Resources and Vale Resume Coal Shipments from Isaac Plains". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=4597>.
Chicago
Scanlon, Joel. "Aquila Resources and Vale Resume Coal Shipments from Isaac Plains". AZoMining. https://www.azomining.com/News.aspx?newsID=4597. (accessed November 21, 2024).
Harvard
Scanlon, Joel. 2019. Aquila Resources and Vale Resume Coal Shipments from Isaac Plains. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=4597.