Australian govt to get US$1B from Rio coal sale

RIO Tinto’s decision to exit the coal business has delivered the Australian government US$1 billion in transaction-based taxes.

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Australian govt to get US$1B from Rio coal sale Australian govt to get US$1B from Rio coal sale Australian govt to get US$1B from Rio coal sale Australian govt to get US$1B from Rio coal sale Australian govt to get US$1B from Rio coal sale

Rio Tinto CEO Jean-Sebastien Jacques.

The company completed the sale of its remaining coal assets in Queensland for $3.95 billion this week.

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