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Having this week given up in its attempt to to sell its diamond business, Rio Tinto (RIO) is now...

Having this week given up in its attempt to to sell its diamond business, Rio Tinto (RIO) is now considering divesting all or part of its coal unit in Mozambique, which could fetch over $700M after being written down by $3B in January. The deliberations represent a change of direction for Rio, with the company saying in February that it wasn't considering a sale of the project. The unit would be added to a list of assets Rio is looking to offload as part of a plan to boost its balance sheet.
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