Rio Tinto’s Chapudi coal project in South Africa, with estimated resources of 1 billion tonnes, is studying the possibility of supporting a power station to ease electricity shortages. The project’s Technical Manager Kuda Muchenje stated: There is significant thermal coal in that project … with the right transmission and water infrastructure in place we think [...]
Rio Tinto’s Chapudi coal project in South Africa, with estimated resources of 1 billion tonnes, is studying the possibility of supporting a power station to ease electricity shortages. For full story, click here
Coal India has recruited 343 freshers from prestigious IITs and IIMs in the current placement season, more than double the number it had hired last season, even as its global peers like Rio Tinto and BHP Billiton have cut jobs amid global economic slump. Coal Chairman Partha S Bhattacharyya stated: We have hired 343 professionals [...]
Arch Coal Inc. has agreed to pay Rio Tinto Plc $761 million for a mine in Wyoming’s Powder River Basin that will allow it to significantly boost production in the nation’s biggest coal-producing area. Ramsey analyst David Khani, stated: Strategically, this makes sense since the mine is adjacent and Arch can absorb the mine very [...]
Rio Tinto Alcan said plans to cut another six percent of output and will also cut alumina production, shed 1,100 employees to cut costs. For full story, click here
Corporate biggies like Rio Tinto, ArcelorMittal, Reliance, Sterlite, Essar and JSW Steel have evinced interest in reviving 18 abandoned mines of Coal India. For full story, click here
Saturday, June 6, 2009