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

Monday, 28 July 14
S. KOREA'S KOSPO SEEKS 148K T OF 4700 NAR COAL
COALspot.com: Korea Southern Power Co Ltd (KOSPO) is seeking 148,000 tonnes of 4,700 kcal/kg NCV steaming coal for shipment between October to Nove ...


Monday, 28 July 14
CFR SOUTH CHINA COAL SWAP SLIGHTLY UP WEEK ON WEEK
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. The swap for Q3, Q4 and Q1 2015 showing slight improvement ...


Sunday, 27 July 14
RAMADAN HOLIDAYS IN INDONESIA PUTTING PRESSURE ON CHARTER RATES FROM INDONESIA - VISTAAR INDIA
COALspot.com: The freight rates were almost steady  as very slight improvement in BDI by about 1 pct. The BDI was at 739 points after improvin ...


Saturday, 26 July 14
COAL MINING COMPANIES CLOSED TEMPORARILY - THE JAKARTA POST
The Sarolangun regency administration in Jambi has suspended the operations of 10 coal mining companies in line with a circular issued by Regent Ce ...


Friday, 25 July 14
U.S WEEKLY COAL PRODUCTION UP AROUND 3.5% WEEK ENDED JULY 19
COALspot.com – United States the world's second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...


   714 715 716 717 718   
Showing 3576 to 3580 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 ...

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