trending Market Intelligence /marketintelligence/en/news-insights/trending/rypt8xbkdprkchql9fej7a2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Rio Tinto to sell Winchester South coal mine to Whitehaven for US$200M

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Rio Tinto to sell Winchester South coal mine to Whitehaven for US$200M

Rio Tinto entered a binding agreement to sell its 75% interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Ltd. for US$200 million.

The diversified miner will receive US$150 million on completion, while US$50 will be payable within 12 months.

The transaction is expected to complete in the second quarter, subject to regulatory approvals.

Rio Tinto said March 22 the process for selling its remaining Australian coal asset, the Kestrel underground mine, is ongoing.

Whitehaven was one of the bidders for the company's Australian coal mines, along with China Investment Corp., Glencore Plc, South32 Ltd. and Yanzhou Coal Mining Co. Ltd. unit Yancoal Australia Ltd.

Previously in the week, Glencore agreed to acquire the 82% stake in the Hail Creek coal mine and a 71.2% stake in the Valeria coal project for US$1.7 billion in cash.