Business

Rio Tinto shipped 330.1 million tonnes of iron ore from Western Australia in 2017.

Rio Tinto exits coal with $2.9b deal

Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia's Adaro Energy Tbk for $US2.25 billion ($2.9 billion), the major said on Tuesday, making good on a pledge to exit the fuel.