Rio Tinto sells its last Australian coalmine for $2.25bn
by Reuters from Environment | The Guardian on (#3KA5T)
The sale of the Kestrel mine makes Rio now the only major global company with no coal assets
Rio Tinto has sold its remaining coalmine in Australia for $US2.25bn, making good on a pledge to exit the fuel.
As the Australian resources minister, Matt Canavan, launched a taskforce to boost the coal industry, the deal leaves Rio as the only major global mining company to have no coal assets, the Royal Bank of Canada said.
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