We use cookies on the public areas of our website. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. By continuing to browse the site you are agreeing to our use of cookies. If you would like to learn more about how we use cookies and how you can manage them, see our Privacy & Cookie Policy.
Rio Tinto has agreed to sell its Mozambique coal assets to International Coal Ventures Private Limited (ICVL) at a fire sale price of only US$50 million, having acquired Riversdale Mining for US$3.9 billion in 2010. Falling export coal prices, lower processing yields, resource overestimates and objections to barging infrastructure have all contributed to the large write-off. The assets being sold include a 65% interest in the Benga coal mine, a 100% interest in the Zambeze project...
What's included?
This report includes 1 file(s)
Rio Tinto exits Mozambique coal in fire sale PDF - 946.56 KB 2 Pages, 0 Tables, 1 Figures
Description
This Coal Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.
Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.
Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.
Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Contact Us
Inform | Jul 2014
Rio Tinto exits Mozambique coal in fire sale
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.
