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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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Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments.
The BDI was up by 6.70 pct closed at 843 points,  ...
Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...
Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...
Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference ...
Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
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- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- VISA Power Limited - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
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