J-S and the reshaping of Rio Tinto

IT took all of 21 minutes across meetings in London and Sydney last week for Rio Tinto shareholders to approve the group’s historic exit from thermal coal in NSW’s Hunter Valley in a sweetened US$2.69 billion deal to sell Coal & Allied to China’s Yancoal. By Barry FitzGerald

J-S and the reshaping of Rio Tinto J-S and the reshaping of Rio Tinto J-S and the reshaping of Rio Tinto J-S and the reshaping of Rio Tinto J-S and the reshaping of Rio Tinto

While much of the commentary on the sale – first put in train back in January – was focussed on the eleventh hour attempts of fellow Hunter Valley coal producer Glencore to snare C & A for itself