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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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Friday, 24 May 13
OPG POWER VENTURES OF INDIA LOOKING FOR 210,000 MT OF 4,200 GAR INDONESIAN THERMAL COAL
COALspot.com - OPG Power Ventures Plc (OPG) is an AIM listed (London Stock Exchange) and fast growing developer and operator of power plants in Indi ...
Thursday, 23 May 13
HANDY : THE ATLANTIC MARKET REMAINS UNCHANGED - FEARNRESEARCH
Handy
The Atlantic market remains unchanged. USG-Feast rates were around USD 19k. Little change from last week in the Pacific, fewer stems and tonn ...
Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.
Q1' 2013 coal production was around 21.42 p ...
Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of ...
Tuesday, 21 May 13
NEWCASTLE PORT COAL SHIPMENTS SEEN FALLING WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,205,024 tons of thermal and coking coal for week ended 0700 hours 20 May 2013, Newcast ...
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- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Planning Commission, India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- The University of Queensland
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
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