Rio Tinto waves final goodbye to King Coal

Producer sells off last fossil fuel mine as demand flatlines and limits tighten

0329N_Rio Tinto

Rio Tinto sold its Hunter Valley coal operations north of Sydney to Yancoal Australia in September 2017.

KAORI TAKAHASHI and JUN SUZUKI, Nikkei staff writers

SYDNEY/JAKARTA -- Anglo-Australian miner Rio Tinto is selling off its last remaining coal mine, becoming the first major resource producer to exit the coal business as carbon emission concerns limit global demand growth.

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