Rio Tinto has sold its US-based Jacobs Ranch coal mine for $764m cash to Arch Coal.
It takes Rio’s asset sales to $7bn since February 2008.
Go deeper with GlobalData
In August this year, Rio Tinto received a $2.025bn binding offer from Amcor for Alcan Packaging global tobacco, global pharmaceuticals, food Asia and food Europe divisions.
In 2008, the company’s total divestments amounted to $2.9bn.
Agreed sales in 2009 include the company’s stake in the China-based Ningxia aluminium smelter for $125m, the Argentina-based Potasio Rio Colorado potash project and the Regina exploration assets in Canada for $850m to Vale and Alcan Packaging Food Americas for $1.2bn to Bemis.
Sales also cover a 56% stake in the Alcan Engineered Products cable division for an undisclosed amount to Platinum Equity, the Brazil-based Corumbá iron ore mine and related river logistics for $750m to Vale and Alcan Engineered Products Composites division for $349m to Schweiter Technologies.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
