Coal news and updates

Rio Tinto sells its interests in Zimbabwean assets

Rio Tinto has sold its 50% interest in the Sengwa coal mine and 78% interest in Murowa Diamons to RZ Murowa Holdings.

RioZim will take on the overall management of both units. It holds 22% interest in Murowa Diamonds and 50% interest in Sengwa.

Rio Tinto Diamonds and Minerals CEO, Alan Davies, said: “Rio Tinto remains committed to the diamond industry and is focused on operating its two world-class underground mines, whilst obtaining the approvals for its advanced diamond project in India.”

source: http://www.worldcoal.com