Industry | Coal Mining |
---|---|
Predecessor | Kennecott Energy |
Founded | 1993 |
Defunct | December 2010 |
Fate | Acquired by Cloud Peak Energy |
Headquarters | , |
Rio Tinto Energy America (RTEA) was a wholly owned American subsidiary of the England and Australia-based mining giant, the Rio Tinto Group, headquartered in Gillette, Wyoming, United States. The company, previously known as Kennecott Energy after another of Rio Tinto's American subsidiaries, was formed in 1993 when Rio Tinto purchased NERCO and placed that company's Spring Creek coal mine and Antelope coal mine under the RTEA umbrella. Subsequent acquisitions included the Cordero Mining Company, the Colowyo Coal Company, and the Jacobs Ranch coal mine. RTEA operated four mines in Wyoming and Montana, supplying fuel for the generation of approximately 6% of the United States' electricity consumption. [1] The RTEA mines were spun off to Cloud Peak Energy in 2010.
In November 2007, Rio Tinto Group announced that it would try to divest RTEA and its assets. As a first step in that effort, Rio Tinto agreed in March 2009 to sell the Jacobs Ranch coal mine to Arch Coal for a sum of $761 million. [1]
In December 2010, Rio Tinto announced that it had succeeded in "100 per cent divestment of its equity holdings in Cloud Peak Energy Inc. through a fully exercised over allotment in connection with a recently announced secondary offering." [2] Cloud Peak Energy stated that the result of the divestment was that Cloud Peak Energy Resources LLC "is now a wholly owned subsidiary of Cloud Peak Energy Inc." [3]
Dow Jones reported that "Cloud Peak will use proceeds from the IPO [initial public offering] to buy 52 per cent of the Rio Tinto's assets it operates and Rio Tinto will own the rest." The write service also reported that early in November Standard & Poor's Ratings Services "assigned Cloud Peak a junk rating of BB minus, three steps below investment grade, citing its need for more reserves among potential risks." [4]
Pilbara Iron is a wholly owned subsidiary of the multinational Rio Tinto Group, that manages assets for Hamersley Iron Pty Ltd, a wholly owned subsidiary of Rio Tinto, and Robe River Iron Associates, an unincorporated joint venture between Rio and three Japanese steel companies Mitsui Iron Ore Development P/L (33%), Nippon Steel Australia P/L (10.5%) and Sumitomo Metal Australia P/L (3.5%).
BHP Group Limited is an Australian multinational mining, metals, natural gas petroleum public company that is headquartered in Melbourne, Victoria, Australia.
Rio Tinto Alcan is a Canada-based mining company. Headquartered in Montreal, Quebec, it is a subsidiary of global mining conglomerate Rio Tinto. It was created on 15 November 2007 as the result of the merger between Rio Tinto's Canadian subsidiary and Canadian company Alcan.
Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and mining corporation. The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly the refining of bauxite and iron ore. Rio Tinto has joint head offices in London and Melbourne.
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
Iron Ore Company of Canada is a Canadian-based producer of iron ore. The company was founded in 1949 by a partnership of Canadian and American firms. It is now owned by a new consortium, including the Mitsubishi and Rio Tinto corporations. Rio Tinto is the majority shareholder in the venture, with 58.7% of the joint stock as of October 2013. Mitsubishi controlled 26.2% of the investment as of March 2013.
PacifiCorp is an electric power company in the western United States.
Rio Tinto Coal Australia (RTCA) was an Australian coal mining organisation, that was part of the worldwide Rio Tinto Group. In 2018, Rio Tinto completed the sale of its remaining assets
Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand comes mainly from generators of electricity.
The Black Thunder Coal Mine is a surface coal mine in the U.S. state of Wyoming, located in the Powder River Basin which contains one of the largest deposits of coal in the world. Black Thunder is the second most productive mine in the United States, providing the US with 8% of its coal supply. In 2007, the mine produced 86,196,275 short tons of coal, nearly 20% of Wyoming's total coal production, and higher than 23 other individual coal producing states.
Uranium One is an international group of companies, part of the management circuit of the TENEX Group of Rosatom State Corporation. Since 2013, it is a wholly owned subsidiary of Moscow-based Uranium One Group, a part of the Russian state-owned nuclear corporation Rosatom.
The mineral industry of Mozambique plays a significant role in the world's production of aluminium, beryllium, and tantalum. In 2006, Mozambique's share of the world's tantalum mine output amounted to 6%; beryllium, 5%; and aluminium, 2%. Other domestically significant mineral processing operations included cement and natural gas.
Ambre Energy Limited is an Australian coal and oil shale company. It has offices in Brisbane and Salt Lake City.
Coal & Allied is an Australia coal mining company. Operating mines in the Hunter Region, it is a subsidiary of Yancoal.
QIT Madagascar Minerals (QMM) is a mining company located in the Fort-Dauphin region of southeastern Madagascar. After roughly 20 years of exploration, negotiations, and preliminary work, the company began production of the titanium dioxide ore, ilmenite. Initial capacity is projected at 750,000 tonnes per year, with future phases of development potentially expanding capacity to 2,000,000 tonnes per year. The mine is 80% owned by QIT-Fer et Titane, a wholly owned subsidiary of the mining giant Rio Tinto Group; the remaining 20% is owned by the government of Madagascar.
The Cordero Rojo Mine is a coal mining complex located in the state of Wyoming in the United States, in the coal-rich Powder River Basin. The mine is of open pit construction and employs several dragline excavators. Two coal-processing facilities are located on-site, and crushed coal is shipped by rail to electric utility customers in the south and west of the United States. The mine employs between 430 and 540 people.
Jacobs Ranch is a large open-pit coal mine located 15 miles southeast of Wright, Wyoming in the coal-rich Powder River Basin. In 2007, the mine produced 38.1 million short tons of coal, making it the fourth-largest coal mine by production in the United States.
Turquoise Hill Resources was a Canadian mineral exploration and development company headquartered in Montreal, Quebec, and a majority-owned subsidiary of Rio Tinto Group. The company was called Ivanhoe Mines until August 2, 2012 when a financing agreement was completed with Rio Tinto. Rio Tinto acquired full ownership of Turquoise Hill in December 2022.
÷Some of the more notable coal companies in Australia are the following:
Cloud Peak Energy Inc. is a company headquartered in Gillette, Wyoming which mines coal in the Powder River Basin. The company was formed as a corporate spin-off from Rio Tinto Energy America in 2009. In its 2009 Annual Report Rio Tinto stated that it held a 48.3% stake in Cloud Peak Energy and its directly owned mines. Cloud Peak Energy also has a 50% stake in the Decker Coal Company, which operates the Decker Mine in Montana.