Yancoal has bought Rio subsidiary Coal & Allied, which controls NSW's Hunter Valley mines © Mike Curtain/Rio Tinto
Yancoal has bought Rio subsidiary Coal & Allied, which controls NSW's Hunter Valley mines © Mike Curtain/Rio Tinto

Rio Tinto sells coal assets to China in $3.5bn deal

3 July 2017

After a protracted bidding war Rio Tinto shareholders have decided to sell the firm's NSW coal assets to China-backed miner Yancoal.

Yancoal will pay $3.5bn for Coal & Allied, the Rio subsidiary, which controls NSW’s Hunter Valley mines.

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