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Australia greenlights Rio Tinto’s $2.45bn sale of coal mines to Yancoal

Cecilia Jamasmie | April 13, 2017 | 4:43 am Energy Top Companies Australia China Europe Coal 

Australian authorities have given Yancoal (ASX:YAL), the subsidiary of China’s Yanzhou Coal Mining, the green light to go ahead with its planned $2.45 billion acquisition of Rio Tinto’s (ASX, LON:RIO) thermal coal assets in the Hunter Valley. The Coal & Allied unit...

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