Rio Tinto is selling a 29 percent stake in its Coal & Allied business and its majority stake in the Clermont mine in Queensland state, with preliminary bids due this week.
China's state-owned Shenhua Group Corp Ltd and Aditya Birla Group are among the companies considering bids for Rio Tinto's Australian coal assets, which have an estimated value of USD 3.2 billion, people familiar with the matter told Reuters.
The coal stakes are among a string of assets Rio
State-run Coal India Ltd
Rio Tinto, Aditya Birla Group and Coal India declined to comment, while Shenhua was not available for a comment. Sources declined to be identified as the sale process is confidential.
Set email alert for
ADS BY GOOGLE
video of the day
See retail join party soon, earnings jump from Q4: Kotak MF