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Rio Tinto nears exit from thermal coal with US$2.45b China deal

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Published Wed, Jan 25, 2017 · 09:50 PM

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    London

    RIO Tinto Group moved closer to an exit from thermal coal after the world's second-biggest miner agreed to sell most of its mines to a company controlled by China's Yanzhou Coal Mining Co for US$2.45 billion.

    Shares in both companies rose on Wednesday.

    Coal

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