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RPT-UPDATE 3-Glencore, Sumitomo buy Rio coal mine stake for $1 bln

2013-10-28 01:11:07| Grocery - Topix.net

Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.

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