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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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Thursday, 20 June 13
CAPESIZE : FINALLY A SUBSTANTIAL IMPROVEMENT IN RATES! - FEARNLEYS A.S
Handy
Atlantic market kept a steady curve from last week. US Gulf positions fetched tick above USD 21k for Cont/Skaw direction, and vessels fixed f ...
Wednesday, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended 0700 hours 17 June 2013, Newcastle Port Corp. ...
Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent week on week but gained 0.06 percent ...
Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...
Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...
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- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- The University of Queensland
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
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