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Indonesia's Anthoni Salim to buy Rio Tinto's coal assets for US$224m

Mr Salim's company is making the purchase as prices are at the lowest levels since 2006 and demand slows in China.


A COMPANY run by Indonesian billionaire Anthoni Salim agreed to buy Australian coal assets from Rio Tinto Group for US$224 million, expanding in an industry suffering from a global glut and plunging prices.

The sale of the Mount Pleasant coal project in New South Wales to...