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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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Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north ...
Tuesday, 17 September 13
BUMA PRODUCED 3.57 PERCENT MORE COAL IN AUGUST
COALspot.com: BUMA has removed totaled 25.20 million bcm of overburden to produce 2.90 million tons coal in August 2013. BUMI produced 3.07 percent ...
Tuesday, 17 September 13
NEWCASTLE PORT SHIPPED ABOUT 27 PERCENT MORE COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 27.26 per cent week on week to 3.01 million mt for ...
Tuesday, 17 September 13
TAIPOWER INVITES BIDS FOR SUPPLY OF SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open tende ...
Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of S ...
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- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
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