The report is behind a wall. Here is the text. Rio Tinto has...

The report is behind a wall. Here is the text.

Rio Tinto has sold its Hail Creek and Valeria coal assets in Queensland to Glencore for $ US1.7 billion ($ 2.2 billion), in a deal that increases the Swiss mineral's dominance of Australian coal.
The deal has been announced 7pm on Tuesday, and means $ 9 billion since 2013.
Glencore plans to emerge with Rio's 82 per cent stake in Hail Creek, which is an operating mine, and 71.2 per cent of Valeria which is not yet developed.
Glencore's growing dominance of Australian Coal exports, and Glencore waits on Japanese regulatory approval to buy a stake in the NSW coal mines that Rio sold to Yancoal last year.
Glencore chief Ivan Glasenberg has recently rejected such a fears.
Rio's other Queensland coal assets, Kestrel and Winchester South remain on the market with Whitehaven Coal, EMR Capital and Adaro Energy to be bidders.
The sale comes after Rio received $ US2.69 billion from Yancoal last year for its Hunter Valley coal mine, rail and port assets.
With its debt well under control, Rio launched a $ US2.5 billion buyback round following the completion of the Yancoal deal, and many investors expected to follow the Glencore deal.
"Rio has a very strong balance sheet now," said Australian Foundation Investment Managing Director Mark Freeman last week, when asked ,
The Yancoal transaction follows the $ 40 million purchase of Rio's 40 per cent stake in the Bengalla coal mine at New Hope, and the $ 1 million Pleasant coal project in NSW in 2016.
Dunkirk smelter in France for $ US500million While Rio's coal divestments have hogged the headline aluminum assets, they have agreed to sell Scotland's Lochaber smelter for $ US410 million in 2016 and just two months ago ,
Rio's chief Jean-Sebastien Jacques was attending a CEDA event in Melbourne around the time of Tuesday's announcement.
Mr Jacques said that companies were now operating in a "business to people" era where companies had more to do with ordinary people.
"It's now more important than ever that all institutions, including business, connect business to people in radically different ways than ever before," he said.
"Speak directly in a language most people will understand." Show leadership. "Do not be afraid to tackle the tough issues and detractors."
Let's show their thinking is out-dated by being open about what we do and why we do it. "