Billionaire's Coal Venture Expects Financing Within Six Months

  • MACH Energy agreed to buy Rio coal assets for $224 million
  • Coal will still be part of energy mix in Asia, MACH says

The Indonesian buyer of Rio Tinto Group’s discarded Mount Pleasant coal project in Australia is expecting to secure financing for the mine within six months and is on the look out for more opportunities for contrarian investments in the industry.

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