Rio Tinto has received a request from the U.S. Federal Trade Commission (FTC) for additional information on the pending sale of its Jacobs Ranch coal mine to Arch Coal, Inc. The company will continue to work cooperatively with the FTC and respond expeditiously to this request. Completion of the transaction remains subject to the expiration of the waiting period under the Hart Scott Rodino Act.
On 9 March 2009, Rio Tinto announced it had reached an agreement to sell Jacobs Ranch to Arch Coal for a total cash consideration of US$761 million.
Tags: coal, Jacobs, mine, Ranch
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