Rio Tinto completes divestment of Coal & Allied Industries Limited for $2.69 billion
Rio Tinto has completed the sale of its wholly-owned subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited. From today, Yancoal takes over management of Rio Tinto’s thermal coal business in the Hunter Valley region of New South Wales. Rio Tinto will receive total consideration of $2.69 billion for the sale, together with customary …