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Glencore snatches Rio Tinto-owned mines from Yancoal with $2.55B offer

Andrew Topf | June 09, 2017 | 4:06 pm Energy Top Companies Australia Coal 

Miner and commodities trader Glencore (LON:GLEN) has performed a coup d'etat on a deal that was practically sealed between Yancoal Australia (ASX:YAL) and Rio Tinto (ASX, LON:RIO) for Rio's coal assets in Australia's Hunter Valley. The company said Friday that it...

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