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Rio Tinto Receives Clearance to Sell Coal Mine

Aug 24 2009

Rio Tinto has received clearance from the US Federal Trade Commission on the pending sale of its Jacobs Ranch coal mine to Arch Coal, Inc. The parties will move ahead to close the transaction which is expected within the next six weeks.

On 9 March 2009, Rio Tinto announced it had reached an agreement to sell Jacobs Ranch to Arch Coal for a total cash consideration of US$761 million.

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