# Rio Tinto sells remaining Australian coal assets for $3.95 billion

Rio Tinto exited coal mining in Australia by selling its remaining assets in Queensland for $3.95 billion, including the Hail Creek mine and Valeria project to Glencore for $1.7 billion, and its 80% stake in Kestrel mine to a consortium for $2.25 billion.

- Type: Acquisition
- Announced: 2018-12-28
- Where: Queensland, Australia
- Value: $3.95B
- Status: completed
- Products: coal, coking coal
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md)
- [Glencore](https://endata.com/companies/22952.md) (acquirer)
- [EMR Capital](https://endata.com/companies/36407.md) (acquirer)
- [PT Adaro Energy](https://endata.com/companies/36408.md) (acquirer)

## Sources

- [mining-technology.com](https://www.mining-technology.com/features/2018-biggest-news-stories-mining-technology-stories/), 2018-12-28: "Rio Tinto exits coal mining in Australia by selling its remaining assets in Queensland for $3.95bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.