30.07.2014 08:12:37
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Rio Tinto To Sell Coal Assets In Mozambique For $50 Mln - Quick Facts
(RTTNews) - London-based mining corporation Rio Tinto plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK) Wednesday said it agreed to sell its coal assets in Mozambique to International Coal Ventures Private Ltd. (ICVL) for $50 million.
Rio Tinto's Mozambique assets, which were acquired in 2011 as part of the Riversdale Mining acquisition, comprise of the Benga coal mine and other projects in the Tete province.
The sale is scheduled to close in the third quarter.
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