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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$325 million in cash. This transaction is expected to close in the third quarter of 2013 and is subject to regulatory approval.
The Eagle project in the Upper Peninsula of Michigan in the United States includes a high-grade underground nickel-copper mine and mill. Construction commenced in June 2010 and is approximately 55 per cent complete.
Chris Lynch, chief financial officer of Rio Tinto said “The sale of Eagle demonstrates our renewed focus and discipline in the way we allocate capital. We are making good progress on a number of other potential divestments as part of our goal to achieve substantial proceeds from divesting non-core assets.
“We believe Eagle will have a sound future under its new ownership given Lundin’s commitment to the development of the project. Rio Tinto will continue to manage Eagle to the highest safety and environmental standards during the transition to the new owner.”
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.
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Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
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- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
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