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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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Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
Friday, 15 February 13
2ND ANNUAL INDONESIA MINING 2013 CONFERENCE
Bringing Indonesia's Mining Stakeholders Together Towards Improving Mining Investment Climate & Operations
Following the success of th ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
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