Rio Tinto is seeking banks to award an advisory mandate in relation to its planned divestment of coking coal assets located at Hill Creek & Kastrel mines.
This follows Rio’s approach since 2015 of divesting non-core assets with an increased focus on iron-ore
- Assets may reach a value of upto $2bn.
- It will be part of a$7.7bn divestment plan as enacted by Rio in 2013.
Pic – australianmining.com.au