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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, 27 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMPED 15.59 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 15.59 per cent week on week to 2.76 million mt for ...
Monday, 26 August 13
CARRIAGE OF COAL CARGOES FROM KALIMANTAN, INDONESIA - WEST OF ENGLAND P&I CLUB
The Club has recently been advised by consulting scientists and engineers Dr J H Burgoyne and Partners (International) Limited that the number of in ...
Sunday, 25 August 13
API 8 CFR SOUTH CHINA COAL: HEADING TO NORTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 2.39 up month on month. The swap was moved positive ...
Sunday, 25 August 13
THE FREIGHT MARKET S7 & S8 SECTOR IS EXPECTED TO BE STEADY/FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market continued to be firm with all indices moved positive except for Panamax which was slightly down (2 pct down).
T ...
Friday, 23 August 13
US PRODUCED MORE COAL WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
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- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
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- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
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- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Wilmar Investment Holdings
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- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
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- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
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