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Glencore moves to trump Chinese rival for Rio's Aussie coal assets

Monday, June 12, 2017 - 05:50

Toronto

GLENCORE plc's Ivan Glasenberg is looking to trump China's Yanzhou Coal Mining Co with a rival bid for Rio Tinto Group's coal assets in Australia.

The company's chief executive officer submitted a proposal to buy Rio's Coal & Allied coal unit in New South Wales for US$2

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