Rio Tinto sells Australian coal mine for $2.3 bln

Anglo-Australian resources giant Rio Tinto has agreed to sell its majority holding in a coal mine in northeastern Australia for almost $2.3 billion to private equity manager EMR and Indonesian coal group Adaro. The huge divestment, equivalent to 1.8 billion euros, is part of the company’s strategy of strengthening its portfolio and focusing on high returns.…

darkmoon1968 / Pixabay


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