Rio Tinto is in the final stages of its exit from coal. Its remaining operating assets in Queensland, Hail Creek and Kestrel, are now reported to be up for sale, although no official sales process has been announced. This follows the January deal with Yancoal for its remaining NSW assets, including stakes in Hunter Valley Operations and the Mount Thorley Warkworth complex. The journey has been a long one for Rio Tinto, starting with the divestment of its stake in Clermont in Queensland in 2013 followed by the sale of its coking coal assets in Mozambique in 2014 and NSW interests in Bengalla in 2015 and Mt Pleasant in 2016.
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Insight | Mar 2017
Rio Tinto in final stage of coal exit
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