Rio Tinto's Last Coal Mines Could Fetch as Much as $2.5 Billion -Reuters

--Anglo-Australian miner Rio Tinto PLC could sell its Australian coal mines, Hail Creek and Kestrel, for up to $2.5 billion, with at least three companies expected to table bids, Reuters reports, quoting unnamed sources.

--Among the expected bidders are Australia's Whitehaven Coal Ltd., a consortium led by U.S. private equity company Apollo Global Management LLC, and a duo formed of Australian private equity company EMR Capital and Indonesia's Adaro Energy, Reuters reports.

--According to Reuters, Rio Tinto said last year that it will exit coal and final offers for its last two mines of the fossil fuel are due Monday.

Full story: http://reut.rs/2oWy3fY

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

March 09, 2018 09:25 ET (14:25 GMT)

Whitehaven Coal (PK) (USOTC:WHITF)
Historical Stock Chart
From Nov 2024 to Dec 2024