M&A

Rio offloads project in $224M deal

RIO Tinto has reached a binding agreement for the sale of its Mount Pleasant thermal coal assets in New South Wales' Hunter Valley to MACH Energy Australia for $US224 million plus royalties.

Lau Caruana
Rio offloads project in $224M deal

Mount Pleasant is a large-scale, thermal coal project with total marketable reserves of 474 million tonnes. At June 30, 2015, the project had gross assets valued at $144 million and no profits. With...

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