Luring Vale to the west

Vale's recent shipping debacle has opened up its potential for Western Australian investment, with benefits well beyond those flagged by Colin Barnett. But will Australia will seize the opportunity?

Rumour has it that Brazilian mining giant Vale is eyeing up the Yilgarn region of West Australia for a new venture. Forget notions of Vale trying to invade the backyard of its prime competitors BHP Billiton and Rio Tinto. The decision is all business and exactly the sort of strategic move that any major multinational would take. What remains to be seen is if Australia will have the wit to seize the new opportunities it could bring to engage a major emerging market.

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