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About 386 results for "riversdale mining"

Rio turns $3.9b into $50m
WA Today

Rio Tinto Continues Restructuring Of Coal...

Challenges in Mozambique The Mozambique coal assets were acquired by Rio as a part of its acquisition of Riversdale Mining Limited in 2011, for a total consideration of $4.17 billion. However, the company reported a post-tax impairment charge of ... Nasdaq, 1 month ago
Rio turns $3.9b into $50m WA Today, 1 month ago
Rio Tinto turns $3.9b into $50m WA Today, 1 month ago

FN Arena Broker Call Headlines - 31 Jul 2014

- RIO TINTO LIMITED JP Morgan rates as Overweight (1) - Tinto has sold the Mozambique assets of Riversdale Mining, which it acquired in 2011. JP Morgan observes this transaction marks an end to a troubled acquisition. The sale proceeds were ...
 NineMSN Finance1 month ago

Rio exits Mozambique coal

Riversdale Mining in 2011, for just $US50 million. It follows the impairment of the Coal Mozambique assets by nearly $470 million in the company's February annual report, which also
 Big News Network1 month ago

Mining Sector: North River up on environmental clearance for Namib mine - North River Resources' [LON:NRRP] shares were up in late trading after it was granted environmental clearance for its environmental assessment and environmental management plan for the proposed re-commissioning of its Namib ...
 Stock Market Wire1 month ago North River Resources (LON:NRRP) shares were up in late trading after it was granted environmental clearance for its environmental assessment and environmental management plan for the proposed re-commissioning of its Namib lead zinc mine in Namibia. The  Money Week1 month ago
Business Spectator

The steep cost of Rio's closure on Riversdale

In 2011, during Rio Tinto's $US4 billion bid for Riversdale Mining, Tata Steel tried to drum up a competing bid from a coalition of Indian steel, coal and power companies. In the end it sold its 26 per cent stake in Riversdale for $US1.1 billion.
 Business Spectator1 month ago
International Business Times UK

Mining firm exits Mozambique's coal sector after $3b writedown

RIO Tinto Group (RIO), the world's second-biggest mining company, drew a line under one of its most disastrous deals by offloading its Mozambique coal assets for $50 million. The London-based company bought the assets as part of the $3.7 billion ...
 The Guardian Nigeria1 month ago Rio Tinto Exits Mozambique Coal Year After $3 Billion Writedown  Bloomberg1 month ago Rio Tinto Exits Mozambique Coal Venture after $3bn Writedown  International Business Times UK1 month ago

JPMorgan, BlackRock Differ From Rio CEO Walsh on Returns

Rio Tinto Group Chief Executive Officer Sam Walsh last week signaled that mining investor attitudes toward spending on expansion are starting to shift after a recovery in metals and share prices. Investors have started to refocus on growth and ...
 BusinessWeek1 month ago JPMorgan, BlackRock Voice Different View to Rio CEO on Returns  La Repubblica1 month ago
Mining Weekly

Indian company to rapidly increase production at Mozambique mine

Indian State-owned overseas coal mining group (ICVL) has reported that it plans to triple pro- duction at its soon-to-be acquired Benga mine, in Mozambique, over the next three years. The company recently agreed a deal with Anglo-Australian group ...
 Mining Weekly1 month ago Indian ICVL to triple coal output from Rio Tinto's mine  Money Control1 month ago India group to nearly triple coal output from mine bought from Rio Tinto  Reuters India1 month ago ICVL to nearly triple coal output from Rio Tinto's Mozambique mines  Club of Mozambique1 month ago
Mining Weekly

Vale's African production rises, Rio Tinto sells Mozambique assets

Brazilian mining major Vale has reported a stronger performance by its Moatize coal operation in Mozambique during the second quarter of this year (2Q14), compared with the first quarter (1Q14). Vale's Carborough Downs coal operation in Australia ...
 Mining Weekly1 month ago Vale Looking to Sell Stake in Mozambican Coal Assets  AllAfrica.com1 month ago

$4BN BUST: Another Terrible Mining Boom-Time Decision Has Come Home To Roost At Rio

Rio Tinto has just sold its troubled Mozambique coking coal assets for $US50 million, taking a big hit after paying $4 billion to acquire the Riversdale Mining operation in 2011. The assets took a $3 billion bath in 2013 and played a role in the ...
 Business Insider Australia1 month ago
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