Riversdale announces a recommended takeover offer by Rio Tinto
Riversdale Mining and Rio Tinto have enterd a Bid Implementation Agreement, under which Rio Tinto has agreed to make an all cash off-market takeover bid at AU$ 16/share.
Stay up to date with the latest news and updates from the coal industry.
Riversdale Mining and Rio Tinto have enterd a Bid Implementation Agreement, under which Rio Tinto has agreed to make an all cash off-market takeover bid at AU$ 16/share.
Santos LNG has sold stakes in its Gladstone LNG project to KOGAS and Total and signed a 20 year supply agreement with KOGAS.
Over the next 20 years, South Africa intends to drastically reduce the use of coal as the country’s prime energy-fuel, and 30 years thereafter virtually remove it altogether from the energy-fuel mix. Barry Baxter asks if this could really happen.
Churchill Mining has completed the purchase of the land to be used as the site of the future port facility for the shipment of coal from the East Kutai coal project. When complete, the port will be capable of handling 30 million tpa of coal and offer direct access to international markets.
Lanco Infratech Ltd, a major Indian infrastructure company, has acquired Western Australian coal miner, Griffin Coal Mining Co. Pty Ltd and Carpenter Mine Management Pty Ltd (Griffin Coal).
Clean Coal technologies has signed an MOU to license its clean coal technology to Huamin Senior Funding Group, of China for US$ 1.5 million.
Xstrata plc has announced that it has approved the US$ 1.36 billion development of the Ravensworth North opencast mine in the in the Upper Hunter Valley of New South Wales, Australia.
CNOOC has acquired a 50% interest in Exoma’s Queensland portfolio of coal seam gas and shale gas exploration blocks; it will contribute AU$ 50 million towards exploration costs as part of the agreement.
Riversdale Mining has confirmed that it has held takeover discussions with Rio Tinto.
FLSmidth has made an offer to acquire ESSA Australia Ltd, corresponding to an enterprise value of DKK 170 million.
Walter Energy will acquire Western Coal Corp. for C$ 3.3 billion (US$ 3.3 billion) to create a leading, publicly traded, pure-play met coal producer with total coal reserves of approximately 385 million t and a significant and growing production profile in Canada, the US and the UK.
Around the world, governments are tackling carbon emissions head-on with ambitious carbon capture and storage (CCS) programmes and the race is hotting up to lead the world on this relatively new technology and to harness its economic potential.