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China coal giant awaits Rio Tinto's response to Glencore's rival offer
Published Mon, Jun 12, 2017 · 09:50 PM
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Hong Kong
CHINA'S Yanzhou Coal Mining Co is holding fire on a counter-offer for Rio Tinto Group's Australian coal assets as it waits to hear whether Glencore Plc has succeeded in trumping the deal it struck six months ago.
Glencore chief executive officer Ivan Glasenberg has submitted a proposal to buy Rio's Coal & Allied unit in New South Wales for at least US$2.55 billion, the Switze…
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