Rio Tinto Kicks off Coal Divestment

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

Key Attributes;

  • Assets may reach a value of upto $2bn.
  • It will be part of a$7.7bn divestment plan as enacted by Rio in 2013.

hail-creekPic – australianmining.com.au

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