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Rio Tinto completes divestment of Colowyo mine

Oilfield Technology,

Rio Tinto has completed the divestment of its Colowyo mine, a thermal coal mine located in western Colorado, US, to Western Fuels-Colorado LLC. The parties agreed the sale on 16 September 2011 and its terms are confidential.

The transaction represents the completion of Rio Tinto’s divestment of all US thermal coal mines previously held by its wholly-owned subsidiary, Rio Tinto Energy America Inc.

Since 2008, Rio Tinto has completed more than 20 divestments with total gross proceeds in excess of US$ 11 billion.

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