Australian iron ore giant
Rio Tinto has announced that it has completed the divestment of its Colowyo Mine, a thermal coal mine located in western Colorado, to Colorado-based power supplier Western Fuels-Colorado LLC.
The companies agreed on the sale on September 16, 2011. They have not revealed the terms of the agreement.
With this transaction,
Rio Tinto has completed the divestment of all
US thermal coal mines previously held by its wholly-owned subsidiary,
Rio Tinto Energy America Inc. Since 2008,
Rio Tinto has gained over
US$11 billion from more than 20 divestments.