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Rio Tinto frees itself of coal

Rio Tinto (LN:RIO) has freed itself of its final coal asset after agreeing to sell its 80% stake in the Kestrel underground mine in Queensland, Australia, to private equity firm EMR Capital and Indonesian company Adaro Energy (IJ:ADRO) for US$2.25 billion.

Rio Tinto frees itself of coal Rio Tinto frees itself of coal Rio Tinto frees itself of coal Rio Tinto frees itself of coal Rio Tinto frees itself of coal

Goodbye coal: Rio has sold Kestrel, it's last coal mine