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RIO Rio Tinto Plc

5,004.00
26.00 (0.52%)
Last Updated: 14:58:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  26.00 0.52% 5,004.00 5,003.00 5,004.00 5,050.00 4,980.50 5,016.00 940,488 14:58:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 54.86B 10.06B 6.1815 8.08 81.27B

Rio Tinto Sells Winchester South to Whitehaven Coal for $200 Million

22/03/2018 8:56am

Dow Jones News


Rio Tinto (LSE:RIO)
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   By Oliver Griffin 
 

Rio Tinto PLC (RIO.LN) said on Thursday that it has sold its entire 75% stake in the Winchester South coal development in Queensland, Australia, to Whitehaven Coal Ltd. (WHC.AU) for $200 million.

The dual-listed mining company said Whitehaven Coal will pay $150 million when the deal is completed and an unconditional payment of $50 million a year later.

Rio Tinto said the deal represented the best option for the development of the project while delivering value for the company as it streamlines its portfolio.

Rio Tinto also said a separate process is taking place for the sale of its interest in the Kestrel mine, its remaining Australian coal asset.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com

 

(END) Dow Jones Newswires

March 22, 2018 04:41 ET (08:41 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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