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Friday, October 7, 2011

Eagle down hard coking coal project Vale appeals injunction

Fri,07 Oct 2011

Aquila Resources Limited refers to its announcement dated 8 September 2011 regarding the interlocutory injunction obtained by Aquila Coal Pty Ltd restraining Vale SA wholly owned subsidiary, Bowen Central Coal Pty Ltd from seeking to vote on a resolution proposed by Vale in relation to the Eagle Downs Hard Coking Coal Project.

Late on Tuesday 4 October 2011, the last day of the appeal period available to Vale, Aquila Coal was served a notice of appeal by Vale. Aquila will defend the appeal.

Aquila will continue to keep the market informed of developments in respect of the above.

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