RIO rio tinto limited

rio annoucement, page-4

  1. 3,412 Posts.
    secures a new contract to sell coal Rio Tinto, Xstrata in A$688m coal deal
    Wednesday Feb 1 20:48 AEDT

    Rio Tinto Ltd and rival Xstrata plc have won separate tenders to sell more than 8 million tonnes of thermal coal to the Mexican Federal Electricity Commission, with a combined value of around A$688 million.

    The coal will be mined from collieries operated by Xstrata and Rio Tinto subsidiary Coal and Allied Industries Ltd in NSW for deliveries between March 20, 2006 and August 23, 2007, both companies said.

    Australian Resources Minister Ian Macfarlane, who visited Mexico last week to discuss energy-related issues, in a statement put a value of A$688 million on the tenders.

    Rio Tinto and Xstrata declined to disclose financial details of the tenders.

    "This deal represents diversification for Coal and Allied into Mexico, which is a healthy and robust new market," a Coal and Allied spokeswoman said.

    Coal and Allied will ship 4.29 million over the period and Xstrata about 4.5 million to the Petacalco power plant in Mexico's Guerrero state.





 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$110.25
Change
1.950(1.80%)
Mkt cap ! $40.92B
Open High Low Value Volume
$110.51 $111.00 $108.93 $207.8M 1.887M

Buyers (Bids)

No. Vol. Price($)
1 100 $110.20
 

Sellers (Offers)

Price($) Vol. No.
$110.28 3 1
View Market Depth
Last trade - 16.19pm 03/07/2025 (20 minute delay) ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.