Vale Says Galilee Miners Need to Build Joint Rail to Save Costs
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Vale SA, the world’s biggest exporter of iron ore, said miners planning about $32 billion of coal projects in Australia’s Galilee Basin should build a jointly owned railway to save costs and speed development.
“Certainly before the end of next year, we need to be well under way with a rail solution,” Jason Economidis, director of growth projects for Vale Australia, said in an interview in Brisbane today. “If we don’t have the port and rail solution sorted, it makes it very difficult to develop a mine.”