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09
Jun
2017
Glencore outbids Yancoal for Rio Tinto coal mines in Hunter ValleyBy:COAL Glencore on Friday said it had bid for coal mines owned by Rio Tinto in Hunter Valley, Australia, offering $2.55-billion cash plus a coal price linked royalty, outbidding a previous offer from Yancoal.
In January, Rio said it was selling its interest in Coal & Allied Industries Limited to Yancoal Australia Limited for $2.45-billion.
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