Articles Tagged "Rio Tinto"

Coal Price Up 10 Percent as World’s Biggest Coal Port Remains Shut

Australia's Newcastle Port, the largest coal port in the world, has been closed since Monday due to severe storms on the east coast of the country. The price of thermal coal for delivery next month from Newcastle has gone up 10 percent, to $68 per tonne, on the back of delays expected due to the storm.

5 Top Coal Stories for Q1 2015

The first quarter of 2015 didn't bring much relief for the coal price and coal companies. And unfortunately now that we're well into the second quarter of the year, the situation is not looking much better. That said, there's definitely still interest in the coal market — here's a look at Coal Investing News' top articles from Q1.

Mongolia to End Rio Tinto Mine Dispute

Reuters reported that the parliament of Mongolia supports the country's prime minister's plan to resolve a dispute with Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) regarding the expansion of the massive Oyu Tolgoi copper mine.

Coal Outlook 2015: Material Recovery in Pricing Still a Few Years Out

2014 hasn't been the best year for the coal market. Next year, Joe Aldina of Wood Mackenzie expects to see more high-cost supply come out of the market, but his firm isn't calling for a material recovery in coal prices for another couple of years.

India One Step Closer to Allowing Commercial Coal Mining

The Indian government moved forward with a bill to open up commercial mining in the country when the Lok Sabha passed the Coal Mines (Special Provisions) Bill, 2014. The bill includes the Coal Mine Nationalisation Act, which will allow companies to mine coal in India "in any form either for own consumption, sale or for any other purpose."

Rio Tinto Finalizes Sale of Mozambique Coal Assets

The Australian reported that Rio Tinto (NYSE:RIO) has completed the same of its coal assets in Mozambique to India’s International Coal Venture Private Ltd.. The sale will not affect Rio Tinto's other assets in the country.