Rio Tinto to sell Hail Creek and Valeria to Glencore for $1.7bn

Rio Tinto is to sell its Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, to Glencore in a $1.7 billion deal. The sale includes Rio's 82% interest in the Hail Creek operating mine and its 71.2% interest in the Valeria project. The miner made a strategic...