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Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of India.
International Coal Ventures Private Limited has been set up in 2009 as a Joint Venture Company in India with SAIL, CIL, RINL, NMDC and NTPC as the promoter companies for securing metallurgical coal and thermal coal assets in overseas territories.
According to Reuters, Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to ICVL, ending its ill-fated venture in Mozambique's coal sector.
The sale of Rio Tinto Coal Mozambique to ICVL, includes the Benga coal mine and other projects in Tete province, assets that had a value of $71 million as of March 31 in Rio's books, Reuters further reported.
In 2013, Rio Tinto sacked its chief executive and other executives directly involved in the acquisition of Riversdale and wrote off about $3.5 billion of the purchase price, partly owing to a failure to secure a permit to move coal by barge down Mozambique's Zambezi River, as per Reuters.
According to Sunday morning herald of Australia, “ Rio Tinto has washed its hands of its disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal assets for just $US50 million ($53 million)”.
Rio Tinto said the sale to ICVL is subject to certain conditions and regulatory approvals and is expected to be completed in the third quarter this year, as per Reuters.
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Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
Wednesday, 13 August 14
WEEKLY MARKET INSIGHT - KONSTANTINOS KONTOMICHIS SNP BROKER
Being at the peak of the holiday season, August is, as usual, the quietest month in terms of snp transactions, yet it is also a time very critical ...
Wednesday, 13 August 14
WHAT DOES PROJECT CARGO REALLY MEAN TO INSURERS?
KNOWLEDGE TO ELEVATE
Richard Kamppari-Baker, claims manager of FP Marine Risks, explains the challenges of project cargo risk assessment from ...
Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of A ...
Monday, 11 August 14
LARGEST CHINESE TRADE SURPLUS EVER RECORDED IN JULY - BIMCO
China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while import ...
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- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Australian Coal Association
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
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