Original article by Peter Ker
The Australian Financial Review – Page: 14 : 5-Jul-16

Australian-listed TerraCom will pay just $A1 for Rio Tinto’s Blair Athol thermal coal mine in Queensland. The deal was Rio Tinto’s third attempt to divest the mine, which was mothballed in 2012. However, Rio Tinto will contribute to the cost of rehabilitating some 50 hectares of land that has already been mined at the site. TerraCom aims to resume production at the mine by the end of 2016.

CORPORATES
RIO TINTO LIMITED – ASX RIO, TERRACOM LIMITED – ASX TER, LINC ENERGY LIMITED, BLAIR ATHOL COAL, J-POWER AUSTRALIA PTY LTD, JAPAN COAL DEVELOPMENT COMPANY, STANMORE COAL LIMITED – ASX SMR, VALE SA