Coking coal’s future bright

Original article by Eli Greenblat
The Australian – Page: 17 & 26 : 29-Mar-18

Rio Tinto has completed its exit from the coal sector with the sale of its 80 per cent stake in the Kestrel coking coal mine in Queensland for $US2.5bn ($A3.2bn). The stake was sold to a consortium of EMR Capital and Indonesia-based Adaro Energy, and follows the recent sale of Rio Tinto’s Hail Creek and ­Valeria coal projects. EMR Capital CEO Jason Cheng is upbeat about the outlook for coking coal, arguing that demand will remain strong as there is no alternative to it for the steel industry.

CORPORATES
RIO TINTO LIMITED – ASX RIO, EMR CAPITAL PTY LTD, PT ADARO INDONESIA, SOUTH32 LIMITED – ASX S32, GLENCORE PLC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s