Rio Tinto Coal Mozambique agreed to acquire a portfolio of coal assets in Alberta from CONSOL Energy Inc. (NYSE:CNX) and Devon Energy Corporation (NYSE:DVN) for $49.5 million on December 20, 2012. In a related transaction, Forbes & Manhattan, Inc. acquired Ram River and Scurry Ram coal properties from CONSOL Energy Inc. (NYSE:CNX) for approximately $110 million on December 21, 2012. The transaction is expected close during the second quarter of 2013.

As of November 1, 2013, Rio Tinto Coal Mozambique acquired 50% of portfolio of coal assets in Alberta from CONSOL Energy Inc. (NYSE:CNX) for $24.7 million in August 2013.