Rio Tinto's Last Coal Mines Could Fetch as Much as $2.5 Billion -Reuters
09 Março 2018 - 11:40AM
Dow Jones News
--Anglo-Australian miner Rio Tinto PLC could sell its Australian
coal mines, Hail Creek and Kestrel, for up to $2.5 billion, with at
least three companies expected to table bids, Reuters reports,
quoting unnamed sources.
--Among the expected bidders are Australia's Whitehaven Coal
Ltd., a consortium led by U.S. private equity company Apollo Global
Management LLC, and a duo formed of Australian private equity
company EMR Capital and Indonesia's Adaro Energy, Reuters
reports.
--According to Reuters, Rio Tinto said last year that it will
exit coal and final offers for its last two mines of the fossil
fuel are due Monday.
Full story: http://reut.rs/2oWy3fY
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(END) Dow Jones Newswires
March 09, 2018 09:25 ET (14:25 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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