Rio Tinto has completed the sale of Rio Tinto Coal Mozambique to International Coal Ventures following the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals.
The sale, announced on 30 July 2014, comprises the Benga mine and other coal projects in the Tete province of Mozambique. Rio Tinto’s other assets in the country remain unaffected by the transaction.
Rio Tinto Coal Mozambique holds mining and exploration licences in the Moatize Basin in the Tete province of Mozambique. Rio Tinto Coal Mozambique manages the Zambeze Project, Tete East Project, Benga Mine, and the Zululand Anthracite Colliery.