opening price 30c, page-4

http://www.reuters.com/article/2012/02/03/glencore-xstrata-ironore-idUSL4E8D320F20120203

...."Vale already operates in partnership with Aquila in coal mining and has been long-rumoured to be interested in Aquila's as-yet undeveloped West Pilbara iron ore project. Aquila holds 50 percent of the project, which will cost an estimated $6 billion to develop. Privately held American Metals and Coal International owns the other 50 percent"....

http://au.ibtimes.com/articles/303781/20120224/brazil-vale-iron-ore.htm

..."Unconfirmed media reports on Thursday circulated that Vale, the world's second largest metals and mining company and global leader in iron ore production, is reportedly eyeing to buy into Australian iron ore resources to strategize its shipment schemes to the Asian market"...

http://www.reuters.com/article/2012/02/03/us-glencore-xstrata-ironore-idUSTRE8120GD20120203

...."In Australia's Pilbara iron belt, the holy grail of iron ore deposits due to its rich lodes, fast-growing miners such as Fortescue, Atlas Iron, BC Iron and Aquila Resources may be in their sights".....thk you Matt747

isn't this one of the rail lines fms looked at using.vale might be looking at moving in in a big way with our cheap iron ore at the end.