Tag «Winchester South»

Rio Tinto completes the sale of Winchester South for $200 million

Rio Tinto has completed the sale of its 75 per cent interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Limited. Total consideration of $200 million is comprised of $150 million in cash received today and an unconditional cash payment of $50 million due in 12 months. The sale of …

Rio Tinto agrees sale of Winchester South to Whitehaven for $200 million

Rio Tinto has entered into a binding agreement with Whitehaven Coal Limited for the sale of its entire 75 per cent interest in the Winchester South coal development project in Queensland, Australia, for $200 million. Total consideration is comprised of $150 million payable to Rio Tinto by Whitehaven on the date of completion and a …