Port of South LouisianaChina Coaltrans 2020The Wolfson Centre for Bulk Solids Handling Technology Cleveland Cascades LtdBühler GmbHTOC Events
  • Sailors Society
  • TOC Events
  • TBA Group
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of South Louisiana
  • TMS Awards 2020

Rio Tinto completes lease and sale

(Posted on 15/11/18)

Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million.

LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS entered into an Option Agreement with Rio Tinto in 2014 for various options to lease or purchase the wharf and areas of land.

Rio Tinto Chief financial officer Jakob Stausholm said "This sale demonstrates our ability to generate cash from an existing asset, without losing future cash flow, as we continue to drive value across our entire portfolio.”

LNG Canada will construct a replacement wharf for Rio Tinto to export shipments of aluminium from the BC Works smelter.

Latest News

Rio Tinto learns to live with Covid-19

(Posted on 18/10/20)

Rio Tinto has released its third quarter production results.Chief Executive J-S Jacques said “... Read more


WCA supports IEA call for inclusivity

(Posted on 16/10/20)

Michelle Manook, Chief Executive, World Coal Association (WCA) has issued a statement on the World Energy... Read more


New Argentine frac sand plant selects Superior

(Posted on 12/10/20)

Superior Industries, Inc., a global manufacturer and supplier of bulk material processing and handling... Read more


Rusal smelter to switch to eco-friendly pitch

(Posted on 12/10/20)

As part of its environmental modernization program, by 2024 RUSAL, a leading global aluminium producer... Read more


Latest grain movement record for CN

(Posted on 07/10/20)

As the North American economy continues its recovery, CN is pleased to announce that its people moved... Read more


FLSmidth to acquire KnowledgeScape

(Posted on 07/10/20)

FLSmidth has confirmed the signing of a definitive agreement for the acquisition of KnowledgeScape,... Read more


BHP Australian apprenticeship pledge

(Posted on 02/10/20)

BHP CEO Mike Henry has announced BHP’s commitment to training and funding for 3,500 new Australian... Read more


U.S. agriculture urges Trump to remain in WTO

(Posted on 28/09/20)

The National Grain and Feed Association (NGFA) in the USA and 61 other U.S. agriculture stakeholders... Read more


Rusal completes domiciliation process

(Posted on 27/09/20)

RUSAL, a leading global aluminium producer, has announced that it has been registered as a new resident... Read more


WCA welcomes IEA report

(Posted on 21/09/20)

The World Coal Association (WCA) Chief Executive, Michelle Manook has welcomed the IEA Energy Technology... Read more


TMS Awards 2020Port of StocktonTelestackCimbriaPort of Vancouver USASailors Society
  • Vigan
  • Telestack
  • China Coaltrans 2020
  • Port of Vancouver USA

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping