Original article by Amanda Saunders
The Australian Financial Review – Page: 23 & 28 : 1-Oct-15

Australian-listed New Hope Corporation will pay $A867m for Rio Tinto’s 40 per cent stake in the Bengalla thermal coal mine in New South Wales. Rio is also seeking to offload its stakes in the Mount Thorley Warkworth and Hunter Valley Operations coal mines in the Hunter Valley. A number of other companies submitted bids to acquire the stake in Bengalla, which produced 8.6 million tonnes of thermal coal in 2014.

CORPORATES
RIO TINTO LIMITED – ASX RIO, NEW HOPE CORPORATION LIMITED – ASX NHC, BENGALLA COAL MINES, COAL AND ALLIED INDUSTRIES LIMITED, MITSUBISHI CORPORATION, WESFARMERS LIMITED – ASX WES, TAIWAN POWER COMPANY, MITSUI AND COMPANY LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, MACQUARIE EQUITIES LIMITED, SHAW AND PARTNERS LIMITED, DEUTSCHE BANK AG, GLENCORE PLC