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Rio Tinto to Sell Its Kestrel Underground Coal Mine for $2.25 Billion, Australia
March 29, 2018
Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy Tbk (Adaro), an Indonesian listed coal company, for the sale of its entire 80 percent interest in the
Adani Signs Coal Mining Pact with NLC India to Develop Talabira Block
March 29, 2018
Adani Enterprises on Monday said it has signed a coal mining agreement with NLC India Ltd for development and operation of Talabira II and III coal block. In a filing to BSE, it said its subsidiary, Talabira (Odisha) Mining Pvt
Rio Tinto to Sell Stake in Winchester South Coal Project to Whitehaven for $200 Million
March 27, 2018
Mining giant Rio Tinto has agreed to sell its stake of 75 percent in the Winchester South coal development project in Queensland, Australia to Whitehaven Coal for $200m. Located in the northern Bowen Basin, about 30km south-east of Moranbah, Winchester
NTPC Commissions Unit 1 of $4.62 Billion Lara Thermal Power Project, India
March 27, 2018
NTPC has commissioned the first unit of the 4,000MW Lara super thermal power project in the Indian state of Chhattisgarh. The Lara coal-fired power plant, which is being built in the Raigarh district with an overall investment of Rs 300bn
Australian Cowboys and Farmers Rally Against Gas and Coal Mining
March 27, 2018
Thousands of Australians, including farmers on horseback, have marched through Sydney, calling for an end to coal mining and a focus on renewable energy. The rally participants say mining projects damage productive land. Thousands of people from across the Australian
Zinc One Finds Additional High-Grade Zinc Results from Bongará Mine Project, Peru
March 26, 2018
Zinc One Resources has received additional results from an ongoing surface-sampling program at its Bongará Zinc Mine Project in north-central Peru. “The high zinc values augment previous high-grade results from samples collected not only at Mina Grande Sur, but at
Barrick Fosters Ownership Culture By Making Employees Shareholders
March 26, 2018
This year Barrick employees will receive 90 shares each. Barrick employees now own more than 1.5 million shares of the company as a result of the Global Employee Share Plan, fostering a culture of ownership across the organization. At Barrick
Glencore to Acquire Rio Tinto’s Hail Creek Coal Mine and Valeria Project for $1.7 Billion
March 22, 2018
Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, for $1.7 billion. The sale includes Rio Tinto’s
Cleveland-Cliffs to Close Its Koolyanobbing Iron Ore Mine by June, Australia
March 22, 2018
Cleveland-Cliffs CEO Lourenco Goncalves has moved for years to make his company a U.S.-focused operation, and that will happen in entirety by the end of June. Cliffs formally notified contractors Monday that the company will wind down its 11-million-ton-per-year Koolyanobbing
35 Blocks of Iron Ore Among Other Minerals to be Auctioned in April and May, India
March 22, 2018
A total of 35 mines will be auctioned in the next two months out of 112 mineral blocks that are slated to go under the hammer in 2018-19 financial year, Ministry of Mines said on Tuesday. It said 35 mineral
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