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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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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Planning Commission, India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
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