Rio Tinto is exiting coal mining in Australia amid falling prices and market volatility
13 June, 2017, 03:11
Coal & Allied includes Rio's giant coal operation in Australia'sHunter Valley, which the company has been attempting to unload for years, and its Mount Thorley Warkworth mines.
Is Glencore Plc's last-minute bid for Rio Tinto Group's Australian thermal coal assets about quantity, or quality?
Analysts told Reuters that Glencore, which has been interested in the assets for some time, is likely to succeed with its bid.
ANGLO-SWISS company Glencore says it has trumped the Chinese-backed Yancoal by $US100million in the race to buy the Rio Tinto subsidiary Coal & Allied. Macquarie set a GBX 4,100 ($52.98) price objective on Rio Tinto plc and gave the stock a buy rating in a research note on Saturday, May 20th.
- Glencore, the London-listed miner and commodity trader, on June 9 gatecrashed an agreed deal for Rio Tinto to sells its coal mines in Australia's Hunter Valley, offering $100 million more than China's Yancoal. Yancoal has offered $US710 million. The company's combined portfolio of mines in the Hunter Valley would have production capacity of 81m tonnes a year of high energy coal that feeds increasing Asian demand for high efficiency, low emission coal.
That saw Glencore itself pushed to the edge of collapse before it could assure lenders and shareholders that it would not organise any more ill-advised deals involving huge debts.
Glencore owns coal mines in South Africa and Colombia, plus 17 operations in Australia where it produced 93 million metric tons previous year.
That confusion led to Green , who knew he had one technical, mocking Cavaliers fans as they celebrated an ejection that never was. We got to take this game and do it with efficiency, competitive defense and alertness and awareness for 48 minutes.
Set in modern times, you play as a protagonist who is a junior deputy police officer in the fictional Hope County, Montana . Co-op mode will recruit your online friends to help - perhaps in the form of a giant truck ramming those cultists.
More than a dozen people were killed and many more wounded during twin gun and suicide bomb attacks in Iran's capital. On a recent trip to Sunni-ruled Saudi Arabia, Trump called on all nations to "isolate" Iran.
The USMNT entered last night's game having just played Thursday night in Colorado, where it defeated Trinidad and Tobago , 2-0. Arena's plan would have made some more sense if he didn't pick a few players that did not seem ready for the moment.
Woods told an officer he was taking a prescribed medication, the specific medication, however, was redacted in the police report . Officers described him as being co-operative despite his confused state and as having "slow, mumbled and slurred" speech.
The Elder Scrolls Legends , may we remind you, is a collectible card game in the style of Magic: The Gathering and Hearthstone . There are also rumblings Bethesda will announce a new Wolfenstein game during their conference.
Featuring next-generation Intel Xeon processors up to 18 cores, iMac Pro is created to handle the most demanding pro workflows. Apple's MacBook 2017 with a 12-inch LED-backlit Retina display gets a starting price of Rs 109,900 in India.
Microsoft made sure not to show up at E3 2017 without games to help show off their Project Scorpio console, now called Xbox One X. The first game unveiled at the Xbox 2017 E3 press conference was Metro: Exodus , the sequel to Metro 2033 and Metro: Last Light.
It has silkier, more gifted players, moves the ball rapidly and has molded itself into an organized, efficient and risky unit. They were able to pick up some half-chances in the time after that, but nothing that would seriously challenge Ochoa.
He had this inspiring message to young people out there: "The things that make you unusual are the things that make you powerful". The top play nominees are " A Doll's House, Part 2 ", with eight, and " Oslo " with seven.
But the ultimate insider was first-time host Kevin Spacey , who danced, joked and sang his way through the telecast easily . Dear Evan Hansen revolves around a teenager, named Evan Hansen , with the story following a high school classmate's death.
MFAT Giving Taxpayer Money to North Korea
The US military has deployed THAAD in South Korea to protect against possible North Korean missile attacks. The weapon's test came after a day of celebration for North Korea's Eternal President Kim II-sung.
Republicans are taking a big political risk on health care
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McDonald's will use Snapchat to hire for 250000 summer jobs
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Boris Johnson calling for end to blockade of Qatar
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'Dear Evan Hansen' big victor at 2017 Tony Awards
He had this inspiring message to young people out there: "The things that make you unusual are the things that make you powerful". Later, he and Patti LuPone closed the show with a lovely duet of "The Curtain Falls" by Bobby Darin, a role he played onscreen.
Russian opposition leader Navalny arrested
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May seen fighting for survival after election failure
UKIP: A big goose egg for the UK Independence Party - the nationalist movement that favored an exit from the European Union. DUP leader Arlene Foster with MPs at the Stormont Hotel in Belfast. "I'm ready for another general election ", Corbyn said.
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Constand testified that the pills left her disoriented and unable to resist him. "He knows the effect of what he gave her". She occasionally grew teary discussing the sexual encounter, when she said she was semi-conscious and could not object.