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Rio sells stake in Clermont coal to Glencore for $1bn

Cecilia Jamasmie | October 25, 2013 | 12:24 pm Base Metals Energy Top Companies Africa Australia Canada Europe Latin America Aluminum Coal Diamond Iron Ore 

Mining giant Rio Tinto (ASX, LON:RIO) has finally inked a binding deal to sale its 50.1% stake in Australia’s Clermont thermal coal mine to GS Coal Pty, a company jointly owned by Glencore Xstrata (LON:GLEN) and Sumitomo Corporation. The firms...

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