10 Mar 2009

Further asset sale by Rio Tinto

11:28 am on 10 March 2009

Rio Tinto is selling a coal mine in Wyoming to Arch Coal, for $US761 million.

Completion of the transaction is subject to customary closing conditions, including regulatory approvals.

The sale of the Jacobs Ranch mine brings Rio Tinto's total asset sales to $US2.5 billion this year.

Jacobs Ranch mines steam coal for domestic customers.