China’s Yancoal acquires Australian coal assets of Rio Tinto
JINAN, Feb. 6 (Xinhua)– China’s Yancoal Australia will take over Rio Tinto’s coal assets in Australia in a deal worth 2.35 billion U.S. dollars. Under the deal, Coal & Allied Industries Ltd., which operates two mines in Australia, will be sold to Yancoal Australia, which is majority controlled by Yanzhou Coal Mining, one of China’s […]
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