Anz Actemium World of Mining Surface Underground 67 2015 No 1 Indian Government to sell 10 stake in Coal India The Indian Government is to sell up to 10 of Coal India in a bid to raise around 3 9 bn at the current market price to bridge its fiscal deficit According to Coal India the government plans to offload 315 8 million shares or a 5 stake through an offer for sale with an option to sell similar number of shares as a greenshoe deal Following the sale the government will be able to meet half of the 7 bn revenue target from stake sales in the public sector The govern ment is expected to announce the floor or minimum sale price for the offer Coal India was listed through a record initial public offering IPO in October 2010 which the government holds a 89 65 stake in A minimum 25 of the Coal India issue is expected to be reserved for mutual funds and insurance companies Trade unions went on strike earlier in January in protest against the stake sale however this was called off when the government explained their reasons to the workers mining technology com January 29 2015 Rio Tinto releases robust fourth quarter production performance Rio Tinto chief executive Sam Walsh said We have had a successful year of produc tion capped off with a robust fourth quar ter Output is in line with our targets across all of our major products Table 1 shows the highlights for its iron copper bauxite aluminium and coal business Global iron ore shipments of 302 6 mill t Rio Tinto share 239 9 mill t were 17 higher than 2013 and production of 295 4 mill t Rio Tinto share 233 6 mill t was an 11 increase year on year Rio Tinto s share of production in the period was 12 higher than in 2013 Mined copper production for the year was 4 higher than last year driv en by the sustained ramp up at Oyu Tolgoi This ramp up along with higher grades at both Oyu Tolgoi and Kennecott resulted in a 69 increase in mined gold produc tion over 2013 Global bauxite production was temporarily reduced by 3 in 2014 as Gove transitions to bauxite exports following the curtailment of the refinery in May 2014 Aluminium production in 2014 was broadly in line with 2013 despite the closure of Shawinigan in November 2013 and the partial shutdown at Kitimat which continues to prepare for full commissioning of the modernised smelter during the first half of 2015 Eight smelters represent www actemium de As a global market leader in automation and process control technology the Actemium network part of the VINCI Energies Group is present in 38 countries on four continents Actemium has over 100 years of experience in electrical engineering and automation for the mining segment Our innovative solutions make us an ideal and competent partner to meet your individual requirements We leverage our process know KRZ WR KHOS RX EHQHÀ W IURP WKH ODWHVW WHFK nological developments for your automation SURMHFWV DQG H FLHQF HQKDQFHPHQW PHDVXUHV Solutions for mining EN ACT Anzeige TU Freiberg 86x297 indd 1 12 11 14 15 57
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