Rio Tinto Sends $1B Aussie Mine Stake To Glencore, Sumitomo

Rio Tinto Sends $1B Aussie Mine Stake To Glencore, Sumitomo

Debt-laden Rio Tinto PLC finally found a buyer for its stake in an Australian coal mine, saying Friday that it would pass the asset to a joint venture between Glencore Xstrata PLC and Sumitomo Corp. in exchange for a payment of more than $1 billion. ...read more

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