Rio Tinto to sell Kestrel coal mine to EMR, Adaro for $2.25 bln

Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR and PT Adaro Energy, an Indonesian listed coal company, for the sale of its 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion.

“The sale of Kestrel, together with the announced divestments of Hail Creek and our undeveloped coal projects, delivers exceptional value to our shareholders and will leave our portfolio stronger and more focused on delivering the highest returns through...

Published

Maria Tanatar

March 27, 2018

16:45 GMT

London