Tag «Rio Tinto Coal Mozambique»

Rio Tinto completes sale of Rio Tinto Coal Mozambique

Rio Tinto has completed the sale of Rio Tinto Coal Mozambique to International Coal Ventures Private Limited following the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals. The sale, announced on 30 July 2014, comprises the Benga mine and other coal projects in the Tete province of Mozambique.  Rio Tinto’s other …

Rio Tinto agrees sale of coal assets in Mozambique

Rio Tinto has reached an agreement to sell Rio Tinto Coal Mozambique, which comprises the Benga coal mine and other projects in the Tete province of Mozambique, to International Coal Ventures Private Limited (ICVL) for US$50 million. The assets were acquired by Rio Tinto as part of its acquisition of Riversdale Mining Limited in 2011. …

Rio Tinto impairments and management changes

Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion (post tax) in its 2012 full year results. These impairments include an amount of approximately US$3 billion relating to Rio Tinto Coal Mozambique (RTCM), as well as reductions in the carrying values of Rio Tinto’s aluminium assets (mostly Rio Tinto Alcan (RTA) …