“Rio Tinto remains committed to a long-term future in central Queensland,” said Chris Lynch, CFO, Rio Tinto. “Production has recently commenced from the $2 billion extension of the Kestrel mine and studies are currently under way to extend production from the Hail Creek mine. We expect Clermont Mine will continue to perform strongly under its new ownership.”

With sale of Clermont, Rio Tinto has now announced or completed $2.92 billion of divestments this year.