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Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
 COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the end of 2013. Guy Elliott remains on the Boards of Rio Tinto plc and Rio Tinto Ltd until then and has been appointed senior executive director on the Boards. He will continue in his role as CFO until a successor is appointed.
Rio Tinto chairman Jan du Plessis said “Guy has enjoyed an outstanding career during his 32 years at Rio Tinto, which includes ten years on the Board. I would like to thank him on behalf of the Board for his invaluable contribution, particularly in recent years as he helped steer the Group through the global financial crisis and back to a position of financial strength.”
Rio Tinto chief executive Tom Albanese said “Guy is a key member of my executive team and I am grateful for his skilful leadership of the Group’s finances and strategy during some challenging times. I would like to thank him personally for his wise counsel and support and for his commitment to stay with us for another 18 months to ensure a smooth transition."
Rio Tinto Energy's chief executive Doug Ritchie will also take on the new role of group executive Strategy, with responsibility for group strategy and business development. He will take up the London-based role on 1 January 2013. According to RioTinto, Doug Ritchie has more than 25 years of experience in the aluminium, coal, diamonds, industrial minerals and exploration businesses in a number of senior operations and leadership roles. He has held senior roles in strategy and business development, including Strategy managing director before he became Energy chief executive in 2009.
In the meantime, Diamonds and Minerals chief executive Harry Kenyon-Slaney will assume the Brisbane-based role of Energy chief executive from 1 September 2012. Harry Kenyon-Slaney has been with Rio Tinto for 21 years and has previous experience in energy as managing director Energy Resources of Australia Ltd from 2004-2007. Harry has also held senior operational leadership and commercial roles in copper and industrial minerals, including managing director Rio Tinto Iron and Titanium.
Rio Tinto Iron Ore International Operations president Alan Davies will be the new Diamonds & Minerals chief executive from 1 September 2012, based in London, and will join the Executive Committee. Alan Davies will retain responsibility for the Simandou iron ore project. Dampier Salt Ltd will transfer to the Diamonds & Minerals product group from Iron Ore.
Alan Davies has been with Rio Tinto for 15 years and has comprehensive experience in operations, business development and finance in Energy and Iron Ore.
Tom Albanese, Rio Tinto's chief executive said “It’s important to develop people’s careers by giving them new challenges. I congratulate Doug, Harry and Alan on their new appointments.
“Adding a strategy role to the Executive Committee underlines the priority we place on this key area and on continuity of our strategic direction. Guy has done an excellent job leading the strategy team and there will be a seamless handover to Doug, whose thorough knowledge of the business and experience in this area will be invaluable to both the Board and my executive team.
“Doug has a very able successor in the Energy product group in Harry, who brings a range of business skills to the role, including direct experience running Energy Resources of Australia. I welcome Alan to the Executive Committee, and acknowledge the leading role he has played in developing partnerships with the Government of Guinea, Chalco and the International Finance Corporation, and leading the work to develop the Simandou project.
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, 11 July 12
HBA DROPPED SHARPLY IN JULY
COALspot.com - Indonesian HBA fell to lowest level since September 2010 in July 2012. The monthly coal reference price for coal sales this mon ...
Wednesday, 11 July 12
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 1.26 PER TON
COALspot.com - Sub-Bit FOB Indonesia Coal decline for a second day yesterday, according to SGX AsiaClear OTC Coal Swaps. The prices for shipments to ...
Tuesday, 10 July 12
DRY BULK MARKET RECORDS MODEST GAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher on Monday, with the Baltic Dry Index (BDI) ending the session up by 5 points to 1,162. Most markets were hig ...
Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently ...
Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
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- Wood Mackenzie - Singapore
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- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
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- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
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- PTC India Limited - India
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- Planning Commission, India
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- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
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- Australian Coal Association
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- Australian Commodity Traders Exchange
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- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
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- Tata Chemicals Ltd - India
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- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
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- Electricity Authority, New Zealand
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- Metalloyd Limited - United Kingdom
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- Energy Link Ltd, New Zealand
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- Billiton Holdings Pty Ltd - Australia
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- The University of Queensland
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- Mjunction Services Limited - India
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- Economic Council, Georgia
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- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
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- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
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- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
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- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
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