Rio Tinto backs revised Yancoal bid for Coal & Allied assets

June 26, 2017

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Diversified miner Rio Tinto on Monday confirmed that China-controlled Yancoal Australia was the preferred buyer for its Australian Coal & Allied unit.   Yancoal at the weekend increased its offer to $2.69-billion, adding $240-million in unconditional guaranteed royalty payments to a previous cash offer of $2.45-billion.

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