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Rio brushes off Glencore latest offer for coal mines, sticks with Yancoal

Cecilia Jamasmie | June 26, 2017 | 3:25 am Energy Top Companies Asia Australia China Coal 

Rio Tinto (ASX, LON:RIO) has dismissed Glencore’s (LON:GLEN) sweetened bid for the coal assets on the block in Australia's Hunter Valley and said it is sticking with an offer from Yancoal Australia (ASX:YAL), a subsidiary of China’s Yanzhou Coal Mining. On Friday,...

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