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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, 14 June 13
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 18.20 MILLION SHORT TONS W/E 8 JUNE 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.20 million short tons (mmst) of ...
Thursday, 13 June 13
HANDY: SHORT PERIOD WERE FIXED AT AROUND USD 9000 LEVEL
Handy
Despite falling rates for bigger sizes, the Supras in Atlantic are seeing some improvements with fresh biz. US Gulf positions fetching tick a ...
Thursday, 13 June 13
BIMCO EXPECTS SUBDUED CAPESIZE EARNINGS FOR THE COMING WEEKS - HELLENIC SHIPPING NEWS
Bulk is not only about China even though it is a key driver. In this section, we have taken a closer look at the European seaborne coal markets, whi ...
Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germa ...
Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian ...
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- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- VISA Power Limited - India
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