- About us
- IBJ Awards
- Free Sample
- Contact us
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.
Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its... Read more
British Steel has been given planning approval for a £26 million upgrade to its Special Profiles... Read more
Trafigura Group Pte. Ltd, a market leader in the global commodities industry, released its half year... Read more
Rio Tinto and the Salzgitter Group have signed a Memorandum of Understanding (MOU) to work together... Read more
Bunge has announced that it has exceeded its non-deforestation targets for monitoring and traceability... Read more
British Steel is conducting a major study into the use of green hydrogen in the company’s drive... Read more
Trafigura Group Pte Ltd., a market leader in the global commodities industry, has made a new commitment... Read more
BHP CEO Mike Henry has led the opening of Spence's new copper concentrator plant.The project required... Read more
Schenck Process, a global company for sustainable, integrated measuring and process technology solutions... Read more
BHP has completed the sale of its 80 per cent interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings... Read more