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Yancoal seeks $2.5bn from investors to pay for Rio’s Aussie coal mines

Cecilia Jamasmie | August 02, 2017 | 6:07 am Energy Top Companies Asia Australia China Coal 

China-backed Yancoal Australia (ASX: YAL) said Wednesday it will launch a fundraiser to fetch $2.5 billion it needs to buy Rio Tinto’s (LON, ASX:RIO) Coal & Allied division, which it scored late June after a three-week bidding war with Glencore. The...

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