Tag: Glencore Xtrata

World’s third largest mining giant Rio Tinto moved ahead on selling its majority stake of Australia’s third-largest thermal coal mine to Glencore Xstrata and Japan’s Sumitomo Corporation.   It is to be noted that, this disinvestment by Rio will fetch USD 1.04 billion in its account.   Last year Rio Tinto owned 50.1% stake in…