Rio Tinto to sell stake in Australian coal mine for $1bn

Rio Tinto is to sell its 50.1% share in Australia's Clermont thermal coal mine to Swiss commodities giant Glencore Xstrata and Japan's Sumitomo. Anglo-Australian mining giant Rio will receive $1.02bn (£630m) from the sale of the facility in Queensland state. via Pocket http://www.bbc.co.uk/news/business-24705754#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa