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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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Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal pr ...
Sunday, 05 May 13
SUB-BIT FOB INDONESIA COAL - MIXED TREND; API 8 CFR SOUTH CHINA COAL - POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average June 2013 delivery has gained 0.28 percent and API 8 CFR South China Coal shipment&nb ...
Saturday, 04 May 13
INDONESIA TO INDIA PANAMAX FREIGHT : FLAT TO SOFT - CAPT. REDDY
COALspot.com - The demand for iron ore picked up and its pushed up the cape size index by 7.86 pct. Cape index closed at 1,344 points. The BDI ...
Friday, 03 May 13
US PRODUCED 17.9 MILLION SHORT TONS (MMST) OF COAL IN A WEEK
COALspot.com - U.S. produced totaled approximately 17.9 million short tons (mmst) in a week (For the week ended April 27, 2013), EIA said in its lat ...
Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
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- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- MS Steel International - UAE
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Australian Coal Association
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
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