Assets to be sold

摘要

Rio Tinto's 73 percent-owned subsidiary, Coal & Allied Industries, has reached an agreement to sell the Ravensworth/Narama thermal coal complex to ENEX Resources Ltd, a wholly owned subsidiary of Glencore International AG, for US 64 million dollars in cash.Coal & Allied acquired the US coal producer Peabody's Australian coal assets in January 2001. The assets consist of a 40 percent share in the Bengalla mine, 56 percent share in the Warkworth mine, 55 percent in the Moura mine, 50 percent in the Narama mine and 100 percent of the Ravensworth East mine.