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Article: RIO TINTO COMPLETES SALE OF U.S. COAL MINE.
- Article from:
- AsiaPulse News
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELBOURNE, Oct 1 Asia Pulse - Rio Tinto Ltd (ASX:RIO) has completed the $US764 million ($A864.64 million) sale of its Jacobs Ranch coal mine to Arch Coal Inc.
The sale of the mine in the US state of Wyoming was announced in March and cleared by American authorities last month.
Originally the price of the sale was expected to be $US761 million ($A861.25 million), but it increased by $US3 million ($A3.4 million) due to adjustments in the working capital balance, Rio Tinto said in a statement to the stock exchange Thursday.
Since February 2008 Rio Tinto has announced asset sales of billion ($A7.92 billion), in an attempt to pay down ...