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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, 04 June 13
WOOD MACKENZIE SAYS THE CHINA'S THERMAL COAL DEMAND WILL REACH NEARLY 7BTPA BY 2030
COALspot.com - The Illusion of Peak Coal' says that despite efforts to limit coal consumption and seek alternative fuel options, China's strong ap ...
Saturday, 01 June 13
COAL PRICES STRUGGLE TO FIRM UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.18 percent week on week and 0.03 percent ...
Saturday, 01 June 13
THE FREIGHT MARKET FOR S7 AND S8 SECTORS ARE EXPECTED TO BE SOFT - VISTAAR
COALspot.com – The freights are remains weak week ended 31 May 2013, as BDI fell 2.05 pct and closed at 809 points on 31 May 2013.
The Cape ...
Friday, 31 May 13
US PRODUCED 18.5 MILLION SHORT TONS OF COAL W/E 25 MAY 2013
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 18.50 million short tons (mmst) of ...
Thursday, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy
THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...
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- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
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- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
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- MS Steel International - UAE
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- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
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- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
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