Rio Tinto sells its last Australian coalmine for $2.25bn

The sale of the Kestrel mine makes Rio now the only major global company with no coal assets Rio Tinto has sold its remaining coalmine in Australia for $US2.25bn, making good on a pledge to exit the fuel.As the Australian resources minister, Matt Canavan, launched a taskforce to boost the coal industry, the deal leaves Rio as the only major global mining company to have no coal assets, the Royal Bank of Canada said. Continue reading...