Vale sells Colombia coal mines to Goldman Sachs-led group
Brazilian miner Vale <VALE5.SA><VALE.N> said on Monday it agreed to sell its thermal coal assets in Colombia for $407 million (259.9 million pounds) to a unit of Colombian Natural ...
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Vale to divest Mozambique coal assets to Vulcan Minerals …
Credit: Milan Stránský/Pixabay. Vale has agreed to offload its Moatize coal mine in Mozambique and a connected railway corridor to India's Jindal Group subsidiary Vulcan Minerals, in a deal worth $270m. This transaction also includes a ten year royalty agreement, which is conditional on certain mine production and coal price conditions.
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vale took over coal mine in colombia
مسكن vale took over coal mine in colombia. J A Brown Wikipedia. In October 1900 the Richmond Vale Coal Mine Railway Act of 1900 was passed by the State Parliament allowing the construction of the railway which was known as the Richmond Vale Railway. In October 1900 J W Brown brought the nearby Stanford Greta Colliery from the Stanford …
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Vale Colombia
In 2012, Vale Colombia agreed to sell its thermal coal assets in Colombia for $407 million to a unit of Goldman Sachs. The divestiture includes Vale's El Hatillo mine, the Cerro …
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Goldman Sachs plans to sell its coal mines in Colombia …
The firm's first Columbian coal mine, La Francia, was purchased in 2010 from Canadian Coalcorp Mining; the second mine was purchased in 2012 from Vale. Goldman operated the two mines under its Colombia Natural Resources unit. Any sale of the coal mines would mark the end of the firm's rocky sideline as a producer of raw …
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Vale Sells Colombian Coal Assets | E & MJ
Brazilian mining company Vale has signed an agreement to sell its thermal coal operations in Colombia Colombian Natural Resources, a privately held company, for $407 million in …
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Vale cashes out of Colombian coal | Financial Times
Vale bought the Colombian assets in 2008 for $306m and has come to regret it since. The mines are relatively small and costly in comparison to the large operations of its rivals in the region.
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BHP, Glencore, Anglo American face OECD investigation over
In 2015, the collapse of a giant waste dam at the Samarco mine in Brazil, co-owned by BHP and iron ore giant Vale, left 19 people dead and became the nation's worst environmental disaster.
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Vale concludes sale of its coal assets
Vale now. Press. 4/25/22. •. Investors. Vale concludes sale of its coal assets. Vale concluded the sale of the Moatize coal mine and the Nacala Logistics Corridor (NLC) to …
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La Francia Coal Mine
The La Francia Mine is a thermal coal mine owned and operated by Colombian Natural Resources (CNR) in El Paso, Cesar, Colombia. The mine previously produced more than 4 million tonnes per annum, but as of August 2020, has suspended operations indefinitely. [3] [4] The La Francia mine is owned by CNR (Colombian Natural Resources), a subsidiary ...
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Vale concludes sale of thermal coal assets in …
Vale informs that it has concluded the sale of its thermal coal operations in Colombia to CPC S.A.S., an affiliate of Colombian Natural Resources S.A.S. (CNR), a privately held …
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Glencore snaps up BHP, Anglo stakes in Colombian coal mine
Glencore (GLEN.L) said on Monday it expects to pay $230 million for the combined 66% stake owned by BHP Group (BHP.AX) and Anglo (AAL.L) when the deal completes in the first half of 2022. It sees ...
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IMPLEMENTATION OF THE MINESIGHT® TOOLS IN THE LAS CUEVAS MINE OF VALE
KEYWORDS: MineSight®, mine planning, coal, geological modeling, Open pit, mine design, Vale, Colombia RESUMEN: Este trabajo expone la implementación de herramientas MineSight® en un proyecto hipotético que será tomado como base en la mina Las Cuevas, apoyado en la modelación convencional, configuración del proyecto, …
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Colombia and coal
Colombia's total coal exports for 2010 came in at 68.14 million tons. Carlos Rodado, Colombia's mining minister, has said coal output will reach 144 million tons in 2020. In 2012, Vale Colombia agreed to sell its thermal coal assets in Colombia for $407 million to a unit of Goldman Sachs.
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Colombian coal mine blast kills 11, search on for survivors
A powerful explosion tore through a series of five coal mines interconnected by tunnels and ventilation systems in a rural area of central Colombia, killing at least 11 people and leaving 10 others missing, the government said Wednesday. Nine other miners who got out of the complex after the blast were taken for medical examinations, and …
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Vale looks to sell Colombian coal ops
One source said: "They're (Vale) selling — the mine doesn't fit with Vale-type operations, they're used to huge, low-cost iron ore mines." In 2009, Vale completed acquisition of some coal assets in Colombia for $306 million (190 million pounds), including El Hatillo coal mine, the Cerro Largo deposit, a minority stake in a ...
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Vale to cease operations at Integra coal mine in Australia
According to local media reports, the closure will affect 500 people at the Camberwell open-cut and Glennies Creek underground mines. The coal complex produces about 4.5 million tonnes per annum (Mtpa) from the underground and open cut mines, including semi-hard, semi-soft metallurgical coals, which are used in the steel making …
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Vale blames oversupply for poor Colombia coal results
Thermal coal oversupply in the Atlantic market and logistics costs have led to very poor performance at Brazilian miner Vale's <VALE5.SA> Colombian coal mines, a Vale official said on Wednesday.
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Elements of Colombia's new Mining Law revealed
Andrés Camacho, who took office in July, was tasked by Petro with leading Colombia's transition towards a greener economy. At present, the South American country relies heavily on coal and oil ...
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Blast at Colombian coal mine claims 11 lives
Credit: Angela from Pixabay. An explosion at a coal mine in central Colombia has trapped ten workers underground and led to the deaths of at least 11 miners, reported Reuters. The explosion, which took place on late 15 March 2023, was triggered due to accumulated gas in six adjoining coal mines in a rural area of Sutatausa, 75km …
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Explosion at Colombian coal mine kills nine workers, traps six
Valentina Ruiz Leotaud | June 5, 2022 | 11:34 am Energy Latin America Coal. Rescue efforts at the La Mestiza coal mine. (Image by the Colombian Civil Defence …
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Clashes at coal mine owned by Vale in Mozambique
Hundreds of protesters blocked the entrance to a coal mine in Mozambique owned by Brazil's Vale (NYSE:VALE), in a dispute over a compensation deal agreed upon after they were relocated, reports AFP.
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Vale acquires coal assets in Colombia
fatima.cristina@vale Rio de Janeiro +55 (21) 3485-3621 12/23/2008 Vale acquires coal assets in Colombia Vale announces that it entered into a purchase and sale agreement to acquire of the export coal assets of Cementos Argos S.A. (Argos) in Colombia for US$ 300 million. Argos, listed in Bolsa de Valores de Colombia, is a …
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Vale cashes out of Colombian coal | Financial Times
The thermal coal operations in Colombia constitute a fully-integrated mine-railway-port system consisting of: (a) 100 per cent of the El Hatillo coal mine and the Cerro Largo coal deposit, both ...
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El Descanso Coal Mine
The El Descanso mine accounted for nearly three quarters of Drummond's Colombian production (20.6 million tonnes) in 2021. [10] Coal production at Drummond's Colombian operations totaled 29.3 million tonnes in 2020 [10] and 32.6 million tonnes in 2019 [10] [16], with the El Descanso mine contributing 21.5 million tonnes in 2020 [10] and 23 ...
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Vale concludes sale of its coal assets
Vale concluded the sale of the Moatize coal mine and the Nacala Logistics Corridor (NLC) to Vulcan Resources, following the completion of all conditions precedent, as per the December 21st, 2021 release. "Vale took another step towards its strategy of focusing on its core businesses and on its goal of becoming a leader in low-carbon mining.
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Vale blames oversupply for poor Colombia coal results
Thermal coal oversupply in the Atlantic market and logistics costs have led to very poor performance at Brazilian miner Vale's Colombian coal mines, a Vale official said on Wednesday. In July Vale reported that its overall Q2 profits fell 84 percent from the same period of 2008 due to lower iron ore output and prices.
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Prodeco Coal Mine
The Prodeco mine consists of two open pits, Mina Calenturitas and Mina La Jagua, which had their operations merged in 2017. In 1989, Colombia's state-owned coal company Carbocol granted a concession to Prodeco to operate the mine. [7] In 1995, Prodeco's Colombian coal assets were acquired by Glencore.
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Explosion at Colombian coal mine kills nine workers, traps six
Rescue efforts at the La Mestiza coal mine. (Image by the Colombian Civil Defence Department, Twitter ). Nine miners have died and six remain trapped following an explosion at the La Mestiza coal ...
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Vale announces the sale of its coal assets
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corridor for total proceeds of US$ 270 million, comprised of US$ 80 million at Closing and US$ 190 million from the existing business until Closing; plus a 10-year Royalty Agreement subject to certain mine …
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