RIO TINTO has agreed to sell its 40% stake in the Bengalla thermal coal mine to New Hope Corporation for $US606 million ($A865 million).
The Bengalla stake marks New Hope's move out of solely Queensland coal mines.
The operation produced 8.6 million tonnes last year – with Rio’s share coming in at 3.4Mt – and was the smallest Hunter Valley mine the major had a stake in. Rio holds a share in the Mount Thorley Warkworth...
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