Australian conglomerate Wesfarmers has confirmed it's gauging market interest in its coal assets, but says no decision has yet been made as to whether or not it will sell.
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Get PriceRio Tinto said last night that it entered into a binding agreement with a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk, an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25B.
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