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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, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
Monday, 24 June 13
INDONESIA COAL SWAP FOR AUGUST 2013 DELIVERY GAINS WEEK ON WEEK
COALspot.com – Coal prices for immediate supply contracts have started moving up, but prices for next year supply shows a negative trend ...
Sunday, 23 June 13
BDI CROSSED ITS PSYCHOLOGICAL BARRIER THIS WEEK - VISTAAR
COALspot.com : The BDI crossed the psychological barrier of 1000 points after many months and closed at 1,027 points, which were up by 14.11 pct wee ...
Sunday, 23 June 13
SHIP PRICES NOT FOLLOWING FREIGHT MARKET FUNDAMENTALS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although it's been the case in many occasions in the past, it appears that ship prices haven't been quite following freight market fundamentals, i ...
Friday, 21 June 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 19.70 million short tons (mmst) of ...
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- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
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