Rio Tinto hands Hunter Valley coal mines ownership to Yancoal

ASX-listed Yancoal Australia has completed the acquisition of mining major Rio Tinto’s Coal & Allied (C&A) assets, marking the diversified mining company’s official exit from the thermal coal sector . “Today is a significant achievement for Yancoal Australia and redefines our business as a leader within the Australian resources sector and a major competitor throughout international coal markets,” said Yancoal chairperson Xiyong Li.