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Rio Tinto shareholders greenlight sale of Aussie coal assets to Yancoal

Cecilia Jamasmie | June 29, 2017 | 3:48 am Energy Top Companies Asia Australia China Coal 

Rio Tinto  (ASX, LON:RIO) shareholders have backed management on the decision to sell the firm’s Australian coal assets to China-backed Yancoal Australia (ASX:YAL) for $2.69 billion, ending a three-week bidding war with Glencore. The deal was approved by 97% of...

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