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Coal explorer Aquila Resources Limited (ASX:AQA) has won a Supreme Court appeal in Queensland against
joint venture partner Vale Australia. The two were unable to agree on the valuation of the Belvedere coal project.
Aquila’s wholly owned subsidiary, IP Coal Pty Ltd was again recently involved in another dispute with Vale, over its rights to the Isaac Plains coal mine.
In the first half of 2012 financial year Aquila reported a net loss of $30 million.
