Deputy Prime Minister Barnaby Joyce has given conditional backing to Rio Tinto's decision to sell two of its major Australian
coal mining assets to Chinese controlled miner Yancoal which is yet to gain Foreign Investment Review Board approval.
Barnaby Joyce has given conditional backing to Rio Tinto's decision to sell
coal mining assets to Chinese controlled miner Yancoal.
Not exact matches
It is hard to find a winner in the
coal -
mining industry these days but some investors were quick to spot a Perth - based winner yesterday in the form of Wesfarmers, which saw the value of its
coal assets boosted by a deal in the Hunter Valley of NSW.
Rio received $ US2.69 billion from Yancoal last year for its Hunter Valley
coal mine, rail and port
assets.
One feature hindering investment in both the NSW and Queensland
coal industries is the fragmented ownership of the supply - chain
assets; a large number of
mines share mostly state - government - owned rail and port infrastructure.
By: Mia Breytenbach 17th November 2017 Aim - listed Bushveld Minerals» Lemur Resources subsidiary, which is developing an integrated thermal
coal mining and independent power producer
asset in Madagascar, has appointed an owner's engineer and technical advisers for the bankable feasibility study (BFS) for the Imaloto power project... →
Holdings in the Holmes Macro Trends Fund (MEGAX) and Emerging Europe Fund (EUROX) as a percentage of net
assets as of 6/30/2015: Peabody Energy Corporation 0.00 %, Arch
Coal Inc. 0.00 %, Freeport - McMoRan Inc. 0.00 %, Newmont
Mining Corp. 0.00 %, Barrick Gold Corp. 0.00 %, Valcambi SA 0.00 %, Delta Air Lines Inc. 0.00 %, Alaska Air Group Inc. 0.00 %, JetBlue Airways Corporation 0.00 %, Ryanair Holdings plc 0.00 %, Aegean Airlines SA 0.00 %, Pegasus Hava Ta??
This year Rio Tinto has announced agreed sales totalling US$ 2.5 billion, including US$ 850 million for the undeveloped potash
assets in Argentina and Canada, US$ 750 million for the Corumbá iron ore operation in Brazil, US$ 761 million for the Jacobs Ranch
coal mine in the United States and US$ 125 million for the Ningxia aluminium smelter in China.
These transactions were carried out as share swaps whereby SZÉSZEK, the Hungarian
Coal Mining Restructuring Centre, received shares in the integrated companies in exchange for the transferred
assets.
I suspect the
coal assets are still largely there but the tradition of
mining has gone.
This process is being amplified by a flight of capital, as investors fear that expensive
coal mines and
coal - burning power plants may become «stranded
assets,» with no markets.
This process is being amplified by a flight of capital, as investors fear that expensive
coal mines and
coal - burning power plants may become «stranded
assets,» with no markets, as renewables ramp up and limits on CO2 emissions begin to bite.
The reality of stranded
assets has since been documented to serve as a reminder for investors, eg the decline of the US
coal mining sector, the death spiral of EU utilities.
Researchers at state universities in the Southeast are closing in on whether one of the region's biggest liabilities —
coal mine waste — might become a valuable
asset by supplying rare earth elements needed for clean energy and other applications.
His principal goals are to encourage
asset managers to sell their investments in thermal
coal companies, and to dissuade financiers from supporting the expansion of
coal mining activities, particularly in Queensland's Galilee Basin.
Most recently, a report from The Carbon Tracker with a forward by Lord Stern of the Grantham Research Institute on Climate Change (London School of Economics), argued that serious risks are accumulating for investors in high carbon
assets, such as
coal mining companies and the oil and gas industry.
Environmental Site Assessment preparation, Wetlands designation for
Coal Mine Subsidence project in Colorado; DOW Capital Building
Asset Evaluation Program