Just five years ago, it would have been almost unthinkable that one of the largest mining companies in the world had not mined coal. Now it will become a reality.
The Rio Tinto Group, the world's second-largest miner mining sector, has been steadily pulling back from coal mining to focus on asset improvement. He is now looking for buyers for his remaining coal mines in Australia, and the sale would mean a complete exit from the fuel sector.
Rio's potential future stands in stark contrast to many of its competitors. Glencore Plc, the world's largest coal supplier, increased its stake this year, agreeing to pay $ 1.1 billion plus royalties for a large stake in Australian assets sold to Rio. Fuel, which generates about 40 percent of the world's electricity, is one of the main strategies of BHP Billiton Ltd.
Rio's decision stems from the fact that coal mines can no longer compete with other assets, wanting to focus on more productive assets.
One of the largest miners in the world is about to leave coal
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Azovpromstal® 13 November 2017 г. 10:58 |
