Rio sells Clermont stake to Glencore

Rio Tinto is poised to sell its share of the Clermont mine.

Rio Tinto is understood to have agreed to sell its stake in the Clermont thermal coal mine in Queensland to fellow mining giant Glencore-Xstrata.

The deal, expected to be announced today, comes after reports earlier this month that Adani, Dutch trader Trafigura and New Hope all put in failed bids of around $850 million for Clermont, which produces about 12 million tonnes of coal a year.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles