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Glencore enters Rio coal stakes

Yancoal purchase under threat from higher, funded offer

Mining Journal
Rio's Hunter Valley operations sit right in the middle of existing Glencore mines

Rio's Hunter Valley operations sit right in the middle of existing Glencore mines

Glencore announced late on Friday that it had submitted a proposal to acquire C&A for $2.55 billion cash, plus a coal-linked royalty. Under the terms of the Yancoal deal, Rio can enter into negotiations...

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