- Rio Tinto (RIO -3.3%) agrees to sell its interest in the Blair Athol coal mine in Australia's Queensland state for A$1, as big miners dump unprofitable assets after years of low coal prices.
- Junior miner TerraCom says it will also receive A$80M from Rio to meet rehabilitation costs at the site.
- The Blair Athol mine, which was closed in late 2012, is one of the oldest in Queensland and the second in the Bowen Basin to be sold for A$1 in the past year.
Rio Tinto sells Australian coal mine for a dollar
Recommended For You
About RIO Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
RIO | - | - |
Rio Tinto Group |