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Rio completes Australian coal exit

Rio Tinto has continued its flurry of coal asset sales, selling its 80% stake in Kestrel for $2.25B

Lou Caruana
The Kestrel coal mine

The Kestrel coal mine

The buyers are a consortium made up of Melbourne private equity fund EMR Capital and Indonesian coal giant Adaro Energy. The sale signals Rio Tinto's exit from the Australian coal sector. Last week...

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