Oct 01, 2015· There are several important points to be taken from yesterday's sale by Rio Tinto (RIO) of its 40% stake in the Bengalla coal mine in the Hunter Valley region of NSW. First up it was a good price – indeed there doesn't seem to be any sign of distressed asset values in the deal which saw cashed up New Hope Group (NHC) buy the 40% stake for ...
Rio Tinto as a 100 percent owner of Coal Allied: • receives all consideration associated with the sale of Rio Tinto's interest in the Bengalla Joint Venture; • holds a percent interest with management rights in the Hunter Valley Operations mine;
SYDNEY, Sept 30 AAP Rio Tinto has struck a 865 million deal to sell its 40 per cent stake in the Bengalla open cut coal mine in NSW to New Hope Corporation.
Sep 30, 2015· Sydney Mining giant Rio Tinto said on Wednesday it is selling its stake in an Australian coal mine for US606m to New Hope Group, as slowing demand from China hits commodity prices hard. Rio said it had reached an agreement to sell its 40% stake in Bengalla mine, in the Hunter Valley some 250 kilometres north of Sydney, to Australianlisted New Hope, part of asset divestments totalling .
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Rio Tinto is a leading international mining group, combining Rio Tinto plc, a London listed public company headquartered in the UK, and Rio Tinto Limited, which is listed on the Australian Stock Exchange, with an executive office in Melbourne.
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Bengalla. Located near Muswellbrook in the New South Wales Hunter Valley, this open cut mine began operations in 1999. Operated by the Bengalla Joint Venture Operating Committee, the mine produces more than 8 million tonnes of thermal coal each year, with approval for .
Rio Tinto sees FY coking coal output at 4 mln tn, thermal coal mln tn Completed deals include the sale of its interests in the Hail Creek coal mine and Valeria coal development projects to Glencore, and interest in the Kestrel coal mine to a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk earlier this year.
Bengalla Mine Hunter Valley. The project was to upgrade a portion of the local road that provides access to both Bengalla Mining Company and Mangoola Coal Mine. This upgrade as part of Bengalla's commitment to their consent conditions and support for local infrastructure. My .
Mar 01, 2016· RIO Tinto has added the Hunter's Bengalla mine to its growing list of divested coal assets. The company has officially sold its 40 per cent stake in the smallest of its three Hunter mines after striking a deal in September. New Hope Corporation Limited bought the stake for 606 million.
Currently the company owns 40 percent of Bengalla, which it acquired in 2015 from Rio Tinto (LSE:RIO,ASX:RIO,NYSE:RIO) for US606 million.
Jan 27, 2016· Rio Tinto manages Coal Allied's coal operations, which are located in the Hunter Valley region of New South Wales, Australia. The operations include Mount Thorley Warkworth, Hunter Valley Operations and Bengalla.
Krupp twin boom portal reclaimer at RTCA Kestrel Mine Rio Tinto Coal Australia (RTCA) is an Australian coal mining organisation, and is part of the worldwide Rio Tinto Group. In Queensland, RTCA operates the Blair Athol, Hail Creek, Kestrel and.
Rio Tinto Plc (LON:RIO NYSE:RIO) has reached a binding agreement for the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation Limited for US606 million1.. Bengalla is the smallest of three coal mines in the Hunter Valley of New South Wales in which Rio Tinto holds an interest, producing million tonnes ( million tonnes based on a 40 ...
Apr 01, 2014· by D. Sewell. Rio Tinto's Bengalla coal mine, near Muswellbrook Done
Mar 21, 2017· A year ago, New Hope paid Rio Tinto 865 million for its 40 per cent shareholding in Bengalla, just before the price of coal surged, which has helped to rewrite New Hope's fortunes.
New Hope's Bengalla acquisition is looking better by the day, with the coal mine contributing the most to its parent's improved profit result. ... (785 million) acquisition of Rio Tinto's 40 per ...
Rio Tinto Coal Australia (RTCA) is an Australian coal mining organisation, and is part of the worldwide Rio Tinto Group. In Queensland, RTCA operates the Blair Athol, Hail Creek, Kestrel and Clermont mines.
Rio Tinto Coal Australia manages Coal Allied's three operations, located in the Hunter Valley region of New South Wales. Bengalla. Bengalla is the newest mine in Coal Allied's portfolio, located four kilometres west of Muswellbrook in the Hunter Valley region of New South Wales.
Dec 05, 2018· Bengalla is a single pit open cut mine with a JORC reserve of 269 million tonnes as of 2014, purchased from Rio Tinto in 2015 months after its mining lease was extended for .
Rio Tinto Coal Australia (RTCA) is an Australian coal mining organisation, and is part of the worldwide Rio Tinto Group. In Queensland, RTCA operates the Blair Athol, Hail Creek, Kestrel and Clermont mines. In New South Wales, RTCA manages Coal Allied's operations at Mount Thorley Warkworth, Hunter Valley Operations and Bengalla.
Rio Tinto completes sale of Mount Pleasant thermal coal assets First Coal December 2018 Roger Skinner, Muswellbrook photographer was on hand to capture .
Rio Tinto sells Coal Allied to Yancoal. These transactions include the sale of Rio Tinto's interests in the Clermont coal mine, the Bengalla coal mine and the Mount Pleasant coal project. In addition, the restructuring of ownership of the Coal Allied assets was completed with our joint venture partner Mitsubishi Development Pty Ltd in 2016.