Rio Tinto confirms Mozambique coal assets sale to ICVL

Rio Tinto has confirmed the sale of its Mozambique coal business to India’s International Coal Ventures Private Limited (ICVL) for $50 million, according to a statement released by the miner on Wednesday July 30.

Steel First reported on Tuesday that the Indian state-owned consortium was purchasing the coal operations but Rio Tinto had declined to comment at the time.

Rio Tinto's coal business in...


Daisy Tseng

July 30, 2014

10:17 GMT