CAPITAL MARKETS

Jacobs Ranch sale gets approval

RIO Tinto is closer to $US761 million ($A923.74 million) in cash as the US Federal Trade Commission cleared the sale of its Jacobs Ranch mining complex in Wyoming’s Powder River Basin to American producer Arch Coal.

Blair Price
Jacobs Ranch sale gets approval

Rio said the clearance would allow both parties to close the transaction, expected within the next six weeks. In late July, Arch sold $US600 million worth of senior unsecured notes in a private placement...

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