Rio Tinto May Sell Mozambique Coal Assets

Bloomberg reported that Rio Tinto is considering selling its coal business in Moazambique.

As quoted in the market report:

The London-based company has begun a review of the assets acquired in 2011 for A$3.9 billion ($4.1 billion) with the purchase of Riversdale Mining Ltd. and all options are being examined, the person said, declining to be identified because the information is private. The person said the company hasn’t set up a timetable for the completion of the review.

To view the whole Bloomberg report, click here.