Rio Tinto has sold coal asset

The Australian-British mining and metals company Rio Tinto has sold 75% of the existing asset from one of the two remaining fields in the state of Queensland. The buyer was Whitehaven Coal, and the deal amounted to $200 million. The sold field Winchester South, according to the company, contains about 356 million tons of high-quality thermal coal. Now, Rio Rinto has only one coal asset - the underground coal mine Kestrel in Australian Queensland.

Over the past week, Rio Tinto shares have fallen by 4.9% and will continue their negative movement. Trading will be available during the European session, from 07:00 to 15:40 GMT.

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