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Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the end of 2013. Guy Elliott remains on the Boards of Rio Tinto plc and Rio Tinto Ltd until then and has been appointed senior executive director on the Boards. He will continue in his role as CFO until a successor is appointed.
Rio Tinto chairman Jan du Plessis said “Guy has enjoyed an outstanding career during his 32 years at Rio Tinto, which includes ten years on the Board. I would like to thank him on behalf of the Board for his invaluable contribution, particularly in recent years as he helped steer the Group through the global financial crisis and back to a position of financial strength.”
Rio Tinto chief executive Tom Albanese said “Guy is a key member of my executive team and I am grateful for his skilful leadership of the Group’s finances and strategy during some challenging times. I would like to thank him personally for his wise counsel and support and for his commitment to stay with us for another 18 months to ensure a smooth transition."
Rio Tinto Energy's chief executive Doug Ritchie will also take on the new role of group executive Strategy, with responsibility for group strategy and business development. He will take up the London-based role on 1 January 2013. According to RioTinto, Doug Ritchie has more than 25 years of experience in the aluminium, coal, diamonds, industrial minerals and exploration businesses in a number of senior operations and leadership roles. He has held senior roles in strategy and business development, including Strategy managing director before he became Energy chief executive in 2009.
In the meantime, Diamonds and Minerals chief executive Harry Kenyon-Slaney will assume the Brisbane-based role of Energy chief executive from 1 September 2012. Harry Kenyon-Slaney has been with Rio Tinto for 21 years and has previous experience in energy as managing director Energy Resources of Australia Ltd from 2004-2007. Harry has also held senior operational leadership and commercial roles in copper and industrial minerals, including managing director Rio Tinto Iron and Titanium.
Rio Tinto Iron Ore International Operations president Alan Davies will be the new Diamonds & Minerals chief executive from 1 September 2012, based in London, and will join the Executive Committee. Alan Davies will retain responsibility for the Simandou iron ore project. Dampier Salt Ltd will transfer to the Diamonds & Minerals product group from Iron Ore.
Alan Davies has been with Rio Tinto for 15 years and has comprehensive experience in operations, business development and finance in Energy and Iron Ore.
Tom Albanese, Rio Tinto's chief executive said “It’s important to develop people’s careers by giving them new challenges. I congratulate Doug, Harry and Alan on their new appointments.
“Adding a strategy role to the Executive Committee underlines the priority we place on this key area and on continuity of our strategic direction. Guy has done an excellent job leading the strategy team and there will be a seamless handover to Doug, whose thorough knowledge of the business and experience in this area will be invaluable to both the Board and my executive team.
“Doug has a very able successor in the Energy product group in Harry, who brings a range of business skills to the role, including direct experience running Energy Resources of Australia. I welcome Alan to the Executive Committee, and acknowledge the leading role he has played in developing partnerships with the Government of Guinea, Chalco and the International Finance Corporation, and leading the work to develop the Simandou project.
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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Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
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- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- CNBM International Corporation - China
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
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