ONGOING achievements by Rio Tinto’s Coal & Allied Industries in reducing costs and improving productivity at its operations in the Hunter Valley ensured it was well positioned to be resilient for changes in the macro-economic environment, Rio Tinto chairman Jan du Plessis said before an expert’s report by Ernst & Young on the proposed US$2.45 billion sale of the assets to Yancoal.
He said the Hunter Valley Operations, Mount Thorley and Warkworth mines together produced 25.9 million tonnes of saleable thermal and semi-soft coking coal in 2016 and the net assets subject to the transaction...
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