ADVFN - Advanced Financial Network.
HOME» NYSE » C » RIO Stock Price » RIO Stock News

Companhia Vale Share News

 Companhia Vale Do Rio Doce Stock Price
RIO Stock Price
 Companhia Vale Do Rio Doce Stock Chart
RIO Stock Chart
 Companhia Vale Do Rio Doce Stock News
RIO Stock News
 Companhia Vale Do Rio Doce Company Information
RIO Company Information
 Companhia Vale Do Rio Doce Stock Trades
RIO Stock Trades

Rio Tinto to Close Blair Athol Coal Mine in Australia

By Robb M. Stewart MELBOURNE--Rio Tinto PLC (RIO) said Wednesday the fall in coal prices means it will close its Blair Athol coal mine in central Queensland this year after almost 30 years of production, rather than seek to extend the life of the operation by mining poorer quality coal and harder-to-reach seams for a few more years. The Anglo-Australian mining giant said it had planned since 2005 to close the mine at the end of the year, but had sought to extend the operation as prices rose in recent times. "Unfortunately, the recent significant drop in thermal coal prices, and other factors such as rising costs and the foreign exchange rate mean this is no longer a feasible option," said Dawid Pretorius, general manager of operations in the Clermont region of the eastern Australian state. Mr. Pretorius said the final day of production at Blair Athol will depend on the progress of mining operations over coming months, but is expected before December. There are currently about 170 employees and contractors working at the operation. Write to Robb M. Stewart at robb.stewart@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Companhia Vale (RIO)
DateTimeHeadline
02/13/201603:02:00Miners, Once Dividend Darlings, Strike Vein Of Austerity
02/12/201603:02:00Commodities Slump Batters Rio Tinto
02/11/201615:44:00Rio Tinto and Indspire launch $2 million award program for Indigenous...
02/11/201615:40:00Rio Tinto et l'organisme pancanadien Indspire lancent un programme...
02/11/201611:18:00Correction to Rio Tinto Likely To Pay Dividend in 2017 Story
02/11/201606:00:00Rio Tinto Likely To Pay Dividend in 2017 But Board to Decide--CFO
02/11/201605:00:00Global Stocks Slide After Fed Sparks Investor Concerns
02/11/201602:40:00Rio Tinto Swings to Annual Loss, Alters Dividend Policy
02/11/201601:44:00Rio Tinto Swings to Annual Loss, Scraps Dividend Policy
02/08/201611:24:00Rio Tinto Full-year 2015 -- Forecast
02/05/201616:02:00Six Members Resign From London Metal Exchange--Update
02/05/201615:50:00Six Members Resign From London Metal Exchange
02/05/201615:37:00Six Members Resign From London Metal Exchange
01/26/201617:25:00Rio Tinto to Sell Mount Pleasant Coal Deposit for US$224 Million...
01/18/201617:18:00Rio Tinto Records 11% Jump in Annual Iron-Ore Shipments
01/14/201611:28:00Rio Tinto Freezes All Salaries Including CEO's for 2016
01/11/201617:53:00Energy Resources of Australia Uranium Output Rises
01/07/201607:10:00Oil and Mining Stocks Drag FTSE 100 Lower
01/06/201605:30:00Global Stocks Pressured by North Korea, China
12/30/201501:06:00Australia Shares Climb to Two-Month High

Companhia Vale and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad