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.
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.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen