Aquila and Vale resolve coal dispute

Australian miner Aquila Resources Limited has announced that it has reached an agreement with Brazilian mining giant Vale regarding coal shipments from their jointly owned Isaac Plains coal mine located in Queensland, Australia.
 
While Aquila maintained that the agreement between the companies allowed them to make separate shipments from the coal mine, Vale disagreed and suggested that a further agreement was required. According to the new agreement superseding the former one, the companies will be able to sell coal from the mine until June 30, 2012.
 
Aquila also agreed to withdraw its damages claim filed against Vale in Australia's Federal Court in July 2011.