Copying and distributing are prohibited without permission of the publisher
Rio Tinto’s Mozambique coal business ‘not for sale’, Walsh says
February 14, 2013 - 17:53 GMT
Anglo-Australian mining major Rio Tinto has no immediate plans to sell its Mozambique coking coal business, ceo Sam Walsh said on Thursday February 14.
"Mozambique is not on the divestment list at the moment,"
Walsh said, despite instituting sweeping cost-cutting
measures across its energy division. He said he was
awaiting feedback from Rio Tinto's energy boss Harry
Kenyon-Slaney before deciding on the fate of the
business. "I am hopeful that there will be an
upside," Walsh said. "It is a world-class deposit. It has
issues, but the fundamentals behind it are solid - it's
the reason we invested there." Rio Tinto...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.