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.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions