The company issued a short announcement last night stating that all conditions have been met and the necessary regulatory approvals received.
The sale, announced on July 30, 2014, comprises the Benga mine and other coal projects in the Tete province of Mozambique. Rio Tinto’s other assets in the country remain unaffected by the transaction.
The assets were bought by Rio Tinto as part of its $A4 billion acquisition of Riversdale Mining in 2011.
In January last year, Rio announced a $US3 billion impairment on the assets and the departure of Doug Ritchie, who lead the acquisition.
The company replaced then-CEO Albanese with current boss Sam Walsh the same day.
