Rio Tinto has sold its 50% interest in the Sengwa coal mine and 78% interest in Murowa Diamons to RZ Murowa Holdings.
RioZim will take on the overall management of both units. It holds 22% interest in Murowa Diamonds and 50% interest in Sengwa.
Rio Tinto Diamonds and Minerals CEO, Alan Davies, said: “Rio Tinto remains committed to the diamond industry and is focused on operating its two world-class underground mines, whilst obtaining the approvals for its advanced diamond project in India.”
There will be no price recovery in the thermal coal market in the short term, according to head of Rio Tinto’s new Coal and Copper Group, as priority remains cutting costs and optimising production.