Done deal: Rio sells mothballed Blair Athol coal mine to Linc Energy
Acquisition comes a day after Linc said it wants to get de-listed from the Australian market to re-list it in Singapore, in hopes of luring Asian investors.
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Rio Tinto to sell closed Blair Athol coal mine
Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.
Rio and Chalco abandon bid for $20bn bauxite deposit in Australia
The move surprised investors, especially since Chalco had previously held the lease and was willing to develop the resource.
BHP Mackenzie tightens senior executives’ belts: cuts bonuses, gives up shares
He won't be getting his full sign-on award shares worth US$1.5 million.
Goldman Sachs subpoenaed in metal prices investigation
The CFTC is looking into claims that the warehouses intentionally increased buyer costs by slowing the movement of supply.
Lawsuits against Goldman, JPMorgan, Glencore Xstrata pile up
Cases against big banks to expose role played by the London Metal Exchange, say experts.
Glencore Xstrata sues Jamaica-owned firm over alumina shipments
Commodities trader claims Jamaica firm won't send the alumina it still owes Glencore due to a new agreement with another firm.
Banks, metal warehouses and the ‘dark inventory’ game
FT's John Gapper writes: "This abrupt integration of metals trading and storage echoes how banks piled into subprime mortgages before the 2008 crisis."
US Fed to review Wall Street banks metals business
US central bank reconsidering 2003 determination allowing banks to move into mining, processing, transportation and warehousing of metals and minerals.