July 2010 investor presentation released to ASX yesterday evening makes interesting reading.
http://www.stocknessmonster.com/news-item?S=RIV&E=ASX&N=498115
There is mention (on page 18) of Brazil as a market for hard coking coal and figures for future metallurgical coal requirements for Brazil. Again Vale is mentioend.
"Brazil a low-cost crude steel production base set to expand
Dependent upon imported coking coals
Long freight distances from major Met coal supplies
28% of Brazilian Met coal imports from Australia in 2008 & approximately 20% in 2009
A natural market for Mozambique coalsSelected coastal steel mill projects include:
CSN Itagui (Baosteel Partnership) & Minas GeraisProjects 9Mtpa
USMINAS Ipatinga5 Mtpa
MMX / WISCO JV Port of Acu5 Mtpa
Vale / ThyseenKruppJV Septiba5 Mtpa
Vale / DongkukSteel JV Ceara3 -6 Mtpa"
open slather, page-4
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