Indonesia's Salim Group buys Rio Tinto's Australia coal mine for $224m

Indonesia's Salim Group buys Rio Tinto's Australia coal mine for $224m

Photo by Rio Tinto

Indonesia tycoon Anthoni Salim’s company MACH Energy Australia Pty Ltd has reached a binding agreement with global miner Rio Tinto Plc for the acquisition of the latter’s Mount Pleasant thermal coal assets for $224 million plus royalties.

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