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Rio Tinto frees itself of coal

EMR Capital and Adaro Energy acquire Kestrel for US$2.25 billion

Jacqueline Holman
Goodbye coal: Rio has sold Kestrel, it's last coal mine

Goodbye coal: Rio has sold Kestrel, it's last coal mine

The sales price was above BMO Capital Markets' estimate of around $1.3 billion based on a 10% discount rate. Rio said the sale brought the total amount gained from the divestment of its Queensland coal...

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