Rio Tinto Limited
(ASX:RIO) has sold a 40 percent interest stake in its Bengalla coal mine to New Hope Corporation.
The binding contract was agreed for US$606 million.
The large-scale open cut mine is the smallest of three coal mines in the Hunter Valley of New South Wales in which Rio Tinto holds an interest.
With the agreed sale of its interest in the Bengalla Joint Venture, Rio Tinto has announced or completed US$4.5 billion of divestments since January 2013.
Rio Tinto reported a half year net profit of $1.04 billion.
