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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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Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
Tuesday, 09 July 13
CAPESIZE: SHOT UP; PANAMAXES: NOT SO LUCK; SUPRAS: SLIGHTLY BETTER; HANDIES: SOFT - INTERMODAL
COALspot.com : June 2013 Recap
A renewed Capesize market this month (June 2013) was the cause for much of the overall noteworthy performanc ...
Tuesday, 09 July 13
THE 11TH DEEP COAL PROCESSING FORUM 2013
Press Release : The 11th Deep Coal Processing Forum 2013 will be held in November Beijing China.
CDMC Events is pleased to announce that 11 ...
Monday, 08 July 13
ECO-FRIENDLY COAL FOR CHINA - VALUE FOR THE ENVIRONMENT AND VALUE FOR THE POWER GENERATOR - BY: LINDSAY JUNIPER
COALspot.com : January 2013 saw an episode of extreme particulate pollution in Beijing 35 times worse than the safe level recommended by the World H ...
Sunday, 07 July 13
FREIGHT MARKET IS EXPECTED TO BE SOFT TO STABLE NEXT WEEK- VISTAAR
COALspot.com - The freight market softened for the week ended 5 July 2013, and experienced a decline in all sectors, including BDI. Bulk dry Index d ...
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- Vedanta Resources Plc - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
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