1 June 2018
Rio Tinto has completed the sale of its 75 per cent interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Limited.
Total consideration of $200 million is comprised of $150 million in cash received today and an unconditional cash payment of $50 million due in 12 months.
The sale of Rio Tinto's interests in the Kestrel and Hail Creek coal mines and Valeria coal development project are expected to complete during the second half of 2018.
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Rio Tinto plc published this content on 01 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 June 2018 06:12:06 UTC