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Thursday, 13 June 13
RIO TINTO AGREES SALE OF EAGLE PROJECT FOR AN ESTIMATED US$325 MILLION IN CASH
COALspot.com - Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in cash. This transaction is expected to close in the third quarter of 2013 and is subject to regulatory approval.
The Eagle project in the Upper Peninsula of Michigan in the United States includes a high-grade underground nickel-copper mine and mill. Construction commenced in June 2010 and is approximately 55 per cent complete.
Chris Lynch, chief financial officer of Rio Tinto said “The sale of Eagle demonstrates our renewed focus and discipline in the way we allocate capital. We are making good progress on a number of other potential divestments as part of our goal to achieve substantial proceeds from divesting non-core assets.
“We believe Eagle will have a sound future under its new ownership given Lundin’s commitment to the development of the project. Rio Tinto will continue to manage Eagle to the highest safety and environmental standards during the transition to the new owner.”
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.
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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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