COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 08 August 14
CAPESIZE RATES ARE REMAINING MORE OR LESS UNCHANGED AT BOTTOM LOW LEVELS - FEARNLEYS AS
Handy An improving sentiment with stronger rates and fair demand for prompt tonnage in the Atlantic, both on the Continent and in the Med for the ...


Friday, 08 August 14
U.S PRODUCED 35.80 MMST OF COAL IN JULY; UP 7.89 MONTH OVER MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.50 million short tons (mmst) of coal in ...


Friday, 08 August 14
PORT OF NEWCASTLE SHIPPED 19.52% MORE COAL IN JULY FROM LAST MONTH
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped 14,036,947 t ...


Thursday, 07 August 14
SHORT-TERM COAL OUTLOOK IMPROVES - SAM QUEST
With demand for and supply of coal to grow in the near future, prices are expected to rebound in the short term; the long-term prospects, however, ...


Thursday, 07 August 14
BULKING UP IN AFRICA: CHINA INFLATES SEABORNE MINERALS EXPORT TRADE - RICHARD SCOTT
Africa’s profile as an exporter of dry bulk commodities is rising. Responding to growing import demand from China, India and other buyers in ...


   710 711 712 713 714   
Showing 3556 to 3560 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • TRAFIGURA, South Korea
  • CCIC - Indonesia
  • Maybank - Singapore
  • Idemitsu - Japan
  • Indo Tambangraya Megah - Indonesia
  • World Coal - UK
  • IOL Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Jaiprakash Power Ventures ltd
  • ASAPP Information Group - India
  • KEPCO - South Korea
  • DBS Bank - Singapore
  • Coalindo Energy - Indonesia
  • KPCL - India
  • Borneo Indobara - Indonesia
  • Uttam Galva Steels Limited - India
  • The State Trading Corporation of India Ltd
  • Kideco Jaya Agung - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Mercator Lines Limited - India
  • The Treasury - Australian Government
  • Central Electricity Authority - India
  • McKinsey & Co - India
  • Mitsui
  • Mintek Dendrill Indonesia
  • Core Mineral Indonesia
  • London Commodity Brokers - England
  • ING Bank NV - Singapore
  • Arutmin Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Romanian Commodities Exchange
  • Georgia Ports Authority, United States
  • Barasentosa Lestari - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Eastern Coal Council - USA
  • Thailand Anthracite
  • Pinang Coal Indonesia
  • Eastern Energy - Thailand
  • Siam City Cement - Thailand
  • Planning Commission, India
  • Cebu Energy, Philippines
  • Mjunction Services Limited - India
  • Deutsche Bank - India
  • Trasteel International SA, Italy
  • Ernst & Young Pvt. Ltd.
  • Banpu Public Company Limited - Thailand
  • Heidelberg Cement - Germany
  • Bulk Trading Sa - Switzerland
  • SN Aboitiz Power Inc, Philippines
  • Thriveni
  • Metalloyd Limited - United Kingdom
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vedanta Resources Plc - India
  • Runge Indonesia
  • Credit Suisse - India
  • PLN Batubara - Indonesia
  • HSBC - Hong Kong
  • Tata Power - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Asian Development Bank
  • KPMG - USA
  • Gupta Coal India Ltd
  • Xstrata Coal
  • Madhucon Powers Ltd - India
  • Star Paper Mills Limited - India
  • Sucofindo - Indonesia
  • Standard Chartered Bank - UAE
  • UBS Singapore
  • Mitra SK Pvt Ltd - India
  • Orica Australia Pty. Ltd.
  • Bahari Cakrawala Sebuku - Indonesia
  • Semirara Mining Corp, Philippines
  • South Luzon Thermal Energy Corporation
  • Adani Power Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Directorate Of Revenue Intelligence - India
  • SMC Global Power, Philippines
  • Surastha Cement
  • Sindya Power Generating Company Private Ltd
  • Coal India Limited
  • Coastal Gujarat Power Limited - India
  • Ambuja Cements Ltd - India
  • Thai Mozambique Logistica
  • Sojitz Corporation - Japan
  • Ministry of Mines - Canada
  • Peabody Energy - USA
  • GVK Power & Infra Limited - India
  • Parliament of New Zealand
  • Binh Thuan Hamico - Vietnam
  • Directorate General of MIneral and Coal - Indonesia
  • Goldman Sachs - Singapore
  • Bank of America
  • Commonwealth Bank - Australia
  • ACC Limited - India
  • Edison Trading Spa - Italy
  • Thermax Limited - India
  • Cargill India Pvt Ltd
  • Kartika Selabumi Mining - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Adaro Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Panama Canal Authority
  • Attock Cement Pakistan Limited
  • TANGEDCO India
  • Cigading International Bulk Terminal - Indonesia
  • NTPC Limited - India
  • Shree Cement - India
  • Lafarge - France
  • Formosa Plastics Group - Taiwan
  • Bangkok Bank PCL
  • Platou - Singapore
  • Carbofer General Trading SA - India
  • Lanco Infratech Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Maersk Broker
  • OCBC - Singapore
  • SRK Consulting
  • APGENCO India
  • Kobe Steel Ltd - Japan
  • ANZ Bank - Australia
  • Total Coal South Africa
  • Siam City Cement PLC, Thailand
  • SMG Consultants - Indonesia
  • BRS Brokers - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Clarksons - UK
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Timah Investasi Mineral - Indoneisa
  • SASOL - South Africa
  • Parry Sugars Refinery, India
  • Coal and Oil Company - UAE
  • ETA - Dubai
  • Enel Italy
  • Therma Luzon, Inc, Philippines
  • RBS Sempra - UK
  • Merrill Lynch Commodities Europe
  • U S Energy Resources
  • CESC Limited - India
  • India Bulls Power Limited - India
  • Britmindo - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Ince & co LLP
  • Qatrana Cement - Jordan
  • Toyota Tsusho Corporation, Japan
  • Kalimantan Lumbung Energi - Indonesia
  • MS Steel International - UAE
  • GN Power Mariveles Coal Plant, Philippines
  • Bangladesh Power Developement Board
  • Dalmia Cement Bharat India
  • GAC Shipping (India) Pvt Ltd
  • McConnell Dowell - Australia
  • European Bulk Services B.V. - Netherlands
  • Indian School of Mines
  • Jindal Steel & Power Ltd - India
  • Inspectorate - India
  • Karaikal Port Pvt Ltd - India
  • Bukit Baiduri Energy - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • TGV SRAAC LIMITED, India
  • Glencore India Pvt. Ltd
  • Maruti Cements - India
  • Orica Mining Services - Indonesia
  • Humpuss - Indonesia
  • Anglo American - United Kingdom
  • GHCL Limited - India
  • EMO - The Netherlands
  • Shenhua Group - China
  • Ceylon Electricity Board - Sri Lanka
  • Samtan Co., Ltd - South Korea
  • Electricity Authority, New Zealand
  • Arch Coal - USA
  • Moodys - Singapore
  • Rio Tinto Coal - Australia
  • Altura Mining Limited, Indonesia
  • SGS (Thailand) Limited
  • Indika Energy - Indonesia
  • Cemex - Philippines
  • Merrill Lynch Bank
  • Thiess Contractors Indonesia
  • Mercuria Energy - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • IEA Clean Coal Centre - UK
  • Reliance Power - India
  • Intertek Mineral Services - Indonesia
  • PowerSource Philippines DevCo
  • Africa Commodities Group - South Africa
  • JPMorgan - India
  • International Coal Ventures Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • J M Baxi & Co - India
  • Bhatia International Limited - India
  • Marubeni Corporation - India
  • Tata Chemicals Ltd - India
  • San Jose City I Power Corp, Philippines
  • Maheswari Brothers Coal Limited - India
  • Mitsubishi Corporation
  • Gujarat Sidhee Cement - India
  • Malco - India
  • Sakthi Sugars Limited - India
  • Meenaskhi Energy Private Limited - India
  • Vizag Seaport Private Limited - India
  • GB Group - China
  • Indonesian Coal Mining Association
  • Energy Development Corp, Philippines
  • GMR Energy Limited - India
  • Bhushan Steel Limited - India
  • Central Java Power - Indonesia
  • Sarangani Energy Corporation, Philippines
  • GNFC Limited - India
  • Japan Coal Energy Center
  • Global Coal Blending Company Limited - Australia
  • Manunggal Multi Energi - Indonesia
  • Xindia Steels Limited - India
  • Australian Commodity Traders Exchange
  • Salva Resources Pvt Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Bhoruka Overseas - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • LBH Netherlands Bv - Netherlands
  • Antam Resourcindo - Indonesia
  • UOB Asia (HK) Ltd
  • Inco-Indonesia
  • Sical Logistics Limited - India
  • Vale Mozambique
  • Economic Council, Georgia
  • Jatenergy - Australia
  • Makarim & Taira - Indonesia
  • CIMB Investment Bank - Malaysia
  • PetroVietnam Power Coal Import and Supply Company
  • KOWEPO - South Korea
  • Fearnleys - India
  • Samsung - South Korea
  • Grasim Industreis Ltd - India
  • Videocon Industries ltd - India
  • The University of Queensland
  • Bharathi Cement Corporation - India
  • ICICI Bank Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Barclays Capital - USA
  • Indogreen Group - Indonesia
  • Renaissance Capital - South Africa
  • Electricity Generating Authority of Thailand
  • PNOC Exploration Corporation - Philippines
  • NALCO India
  • The India Cements Ltd
  • Malabar Cements Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Indorama - Singapore
  • globalCOAL - UK
  • Bank of China, Malaysia
  • CoalTek, United States
  • Permata Bank - Indonesia
  • Minerals Council of Australia
  • Cosco
  • Rudhra Energy - India
  • Larsen & Toubro Limited - India
  • Latin American Coal - Colombia
  • Kobexindo Tractors - Indoneisa
  • Globalindo Alam Lestari - Indonesia
  • Noble Europe Ltd - UK
  • Vijayanagar Sugar Pvt Ltd - India
  • Power Finance Corporation Ltd., India
  • Essar Steel Hazira Ltd - India
  • Bukit Makmur.PT - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Wilmar Investment Holdings
  • Kohat Cement Company Ltd. - Pakistan
  • Price Waterhouse Coopers - Russia
  • Kapuas Tunggal Persada - Indonesia
  • bp singapore
  • Russian Coal LLC
  • Interocean Group of Companies - India
  • Oldendorff Carriers - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • Coeclerici Indonesia
  • Tamil Nadu electricity Board
  • Cement Manufacturers Association - India
  • EIA - United States
  • New Zealand Coal & Carbon
  • Gujarat Electricity Regulatory Commission - India
  • Petrochimia International Co. Ltd.- Taiwan
  • IBC Asia (S) Pte Ltd
  • Kaltim Prima Coal - Indonesia
  • Indian Oil Corporation Limited
  • IMC Shipping - Singapore
  • Gresik Semen - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Platts
  • PLN - Indonesia
  • Mechel - Russia
  • Deloitte Consulting - India
  • Savvy Resources Ltd - HongKong
  • MEC Coal - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Independent Power Producers Association of India
  • Maharashtra Electricity Regulatory Commission - India
  • Billiton Holdings Pty Ltd - Australia
  • Simpson Spence & Young - Indonesia
  • Meralco Power Generation, Philippines
  • Ind-Barath Power Infra Limited - India
  • Ministry of Finance - Indonesia
  • Baramulti Group, Indonesia
  • Posco Energy - South Korea
  • Global Business Power Corporation, Philippines
  • Indonesia Power. PT
  • Energy Link Ltd, New Zealand
  • Aditya Birla Group - India
  • Freeport Indonesia
  • Chamber of Mines of South Africa
  • CNBM International Corporation - China
  • Iligan Light & Power Inc, Philippines
  • SUEK AG - Indonesia
  • TeaM Sual Corporation - Philippines
  • Petrosea - Indonesia
  • Petron Corporation, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Riau Bara Harum - Indonesia
  • Coal Orbis AG
  • White Energy Company Limited
  • VISA Power Limited - India
  • TNPL - India
  • Indian Energy Exchange, India
  • Medco Energi Mining Internasional
  • Coaltrans Conferences
  • Argus Media - Singapore
  • Australian Coal Association
  • Karbindo Abesyapradhi - Indoneisa
  • Asia Cement - Taiwan
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Singapore Mercantile Exchange
  • Geoservices-GeoAssay Lab
  • World Bank
  • Aboitiz Power Corporation - Philippines
  • BNP Paribas - Singapore
  • Kumho Petrochemical, South Korea
  • PetroVietnam
  • Wood Mackenzie - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Agrawal Coal Company - India
  • Berau Coal - Indonesia
  • Cardiff University - UK
  • Ministry of Transport, Egypt
  • Thomson Reuters GRC
  • PTC India Limited - India
  • WorleyParsons
  • Port Waratah Coal Services - Australia
  • Tanito Harum - Indonesia
  • IHS Mccloskey Coal Group - USA
  • JPower - Japan
  • Infraline Energy - India
  • Vitol - Bahrain
  • Leighton Contractors Pty Ltd - Australia