[miningmx.com] – RIO Tinto said it had completed the sale of some of its coal assets in Mozambique following the fulfillment of conditions precedent.
The assets consist of the Benga coking coal mine and other coal projects in the southern African country’s Tete province. Rio Tinto’s other assets in the country remain unaffected by the transaction.
Rio bought the assets from Riversdale Mining for about $4bn, but after a series of major write-downs sold them for $50m to a consortium of Indian companies.
