Iron ore exporter Vale expanding

Vale SA, the world’s biggest exporter of iron ore, said it’s expanding its coal business across the globe as part of a strategy to diversify production.

Vale is mining and developing coal projects from Australia to Columbia and Mozambique, aiming to boost global output to 40 million metric tonnes by 2016. Vale has 7,000 square kilometers of exploration ground in Australia, the world’s biggest exporter of the fuel.