Rio to get at least $741 million from Cloud Peak IPO

SYDNEY (Reuters) - Global miner Rio Tinto (RIO.AX) (RIO.L) expects to receive at least $741 million from the flotation of its U.S. coal-mining unit, Cloud Peak Energy Inc (CLD.N), on the New York Stock Exchange, Rio said on Monday.

Cloud Peak Energy shares fell in their debut on Friday after its shares priced below expectations in the initial public offer. Rio Tinto retains a 48.3 percent stake in Cloud Peak.

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(Reporting by Mark Bendeich; Editing by Jonathan Standing)