International news within the industry of mining and metal, Jul, 23 2018
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Rio Tinto to sell Australian coal project for $200M

Photo by Rio Tinto.jpg
Photo by Rio Tinto.jpg
Published by
Jaroslaw Adamowski - 26 Mar 2018

Deal in Australia Rio Tinto has signed a deal with Whitehaven Coal to sell a 75% stake in the Winchester South coal development project in Queensland, Australia, for $200 million.

 

We believe this agreement for the sale of Winchester South represents the best option for the future development of the project while delivering attractive value for Rio Tinto as we continue to streamline our portfolio,Jean-Sébastien Jacques, the CEO of Rio Tinto, said in a statement.

 

Total consideration comprises $150 million that is to be paid to Rio Tinto by Whitehaven on the date of completion, and a further unconditional payment of $50 million which is to be payable 12 months after the date of completion, according to Rio Tinto.

 

Rio Tinto says it has 50,000 employees in about 35 countries across six continents. The groups four product groups include aluminium, copper and diamonds, energy and minerals, and iron ore.

 

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...