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26
Jun
2017
Rio Tinto backs revised Yancoal bid for Coal & Allied assetsBy:Contributing Editor Online COAL Diversified miner Rio Tinto on Monday confirmed that China-controlled Yancoal Australia was the preferred buyer for its Australian Coal & Allied unit. Yancoal at the weekend increased its offer to $2.69-billion, adding $240-million in unconditional guaranteed royalty payments to a previous cash offer of $2.45-billion.
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