Glencore, Sumitomo buy Rio coal mine stake for $1 billion

MELBOURNE/LONDON (Reuters) - Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/PGE-bDXLkjk/story01.htm