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Mar 28, 2018

Rio Tinto rid of Qld coal with Kestrel sale deal

Rio Tinto rid of Qld coal with Kestrel sale deal

Rio Tinto has reached a deal to sell its 80 per cent stake in the Kestrel underground coal mine in central Queensland for almost $3 billion ($US2.25 billion). The binding agreement with a consortium of EMR Capital and PT Adaro Energy represents the company’s full exit from the Australian coal business. It follows news of…

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