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Glencore gambit gives Rio cash-or-China dilemma

Last-minute bid for Australian coal mines has put Rio Tinto in a real quandary: accept less money or risk upsetting its biggest customer

GLENCORE plc.jpg
Glencore plc's last-minute bid for Australian coal mines leaves Rio Tinto Group with a dilemma to mull over the weekend: accept less money or risk upsetting its biggest customer.

London

GLENCORE plc's last-minute bid for Australian coal mines leaves Rio Tinto Group with a dilemma to mull over the weekend: accept less money or risk upsetting its biggest customer.

On Friday afternoon in London, Glencore raised its bid for the mines, offering at least US$225

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