BREAKFAST DEALS: Rio coal dump

Investors have plenty of reason to welcome Sam Walsh's Mozambique backflip, while Billabong shares dive again after lenders split.

Rio Tinto boss Sam Walsh is reportedly considering a sale of some sort of its Mozambique coal arm, the same business that helped eject his predecessor from the top job at the mining giant. Meanwhile, more lenders are leaving Billabong International, Origin Energy and EnergyAustralia are in line for some big New South Wales government businesses and Paladin Energy's flagship asset stake sale delay caused some unmistakable sharemarket pain.

Rio Tinto

Mining giant Rio Tinto is reportedly thinking about a whole or partial sale of its beleaguered Mozambique coal unit that ultimately contributed greatly to the departure of Tom Albanese.



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