Major Miners Cut Queensland Coal Jobs
Mineweb reported that Rio Tinto (ASX:RIO), Xstrata (LSE:XTA) and BMA, an alliance between BHP Billiton (ASX:BHP) and Mitsubishi (TSE:8058), have all cut, or are planning to cut, contract workers at...
View ArticleThree Firms Express Interest in Rio Tinto’s Coal Assets
The Wall Street Journal reported that Coal India Ltd. (BSE:533278), Shenhua Group Corp. and Aditya Birla Group have said they will bid for Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) Australian coal...
View ArticleRio Tinto Sets Sights on Sale of Mozambique Coal Unit
The Wall Street Journal reported that Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) is thinking of selling all or part of its Mozambique-based coal unit and is in the process of choosing a financial advisor...
View ArticleBHP Billiton to Keep Gregory Crinum Coal Complex
Reuters reported that BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) will not sell its Australia-based Gregory Crinum coal mining complex. Bankers believe that the move may cause problems for other miners...
View ArticleRio Tinto Struggling to Sell Stake in Clermont Coal Mine
The Wall Street Journal reported that talks regarding the sale of Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) stake in the Queensland-based Clermont coal mine have stalled after bids from three...
View ArticleGlencore Xstrata, Sumitomo to Buy Rio’s Clermont Coal Mine Stake
Reuters reported that Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) will be selling its 50.1-percent stake in the Queensland-based Clermont thermal coal mine to Glencore Xstrata plc (LSE:GLEN) and Sumitomo...
View ArticleMozambique’s Coal Producers Must Lower Logistics Costs
Mineweb reported that attendees of the Coaltrans Mozambique conference were told that the country's major coal producers, such as Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Vale SA (NYSE:VALE), need...
View ArticleRio Tinto Achieves Record Thermal Coal Production in 2013
Bloomberg reported that Rio Tinto plc's (LSE:RIO,ASX:RIO,NYSE:RIO) attributable thermal coal production came to 26.8 million metric tons in 2013. That's a record as well as a 12-percent increase from...
View ArticleRio Tinto Loses Legal Fight to extend Australian Coal Mine
Reuters reported today that Rio Tinto (ASX:RIO,NYSE:RIO) lost an appeal to the Australian Supreme Court to expand its Warkworth coal mine in New South Wales, Australia. Managing Director Chris...
View ArticleThermal Coal Price Recovery Could Take Years
Australian Mining reported that Jean-Sébastien Jacques, Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) new coal boss, believes that it will take a long time for the market to see a recovery in the thermal...
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