March 20 (Reuters) - Rio Tinto Ltd:
* ENTERS INTO BINDING AGREEMENT WITH GLENCORE FOR SALE OF ITS ENTIRE INTERESTS IN HAIL CREEK COAL MINE AND VALERIA COAL DEVELOPMENT PROJECT
* SALE INCLUDES RIO TINTO’S 82.0 PER CENT INTEREST IN HAIL CREEK OPERATING MINE AND ITS 71.2 PER CENT INTEREST IN VALERIA PROJECT
* SEPARATE PROCESS UNDERWAY TO SELL RIO TINTO’S REMAINING AUSTRALIAN COAL ASSETS
* CURRENTLY ESTIMATED TAX PAYABLE ON SALE PROCEEDS IS IN ORDER OF $300 MILLION Source text for Eikon: Further company coverage: