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China's Yancoal grabs Rio Tinto’s coal mines in $2.45bn deal

Cecilia Jamasmie | January 24, 2017 | 3:07 am Energy Top Companies Australia China Europe Coal 

Yancoal Australia (ASX:YAL), a subsidiary of China’s Yanzhou Coal Mining, has agreed to buy Rio Tinto’s (ASX, LON:RIO) thermal coal assets in Australia’s Hunter Valley for as much as $2.45 billion, as the world’s second-largest miner speeds up plans to move...

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