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China wealth fund said to join fray for US$2b Rio portfolio

A sale would allow Rio, the world's second-biggest miner, to complete its exit from coal and continue an asset divestment programme that has returned more than US$7 billion since 2013.


THE Chinese sovereign wealth fund is considering joining the bidding for Rio Tinto Group's last remaining coal mines, which may fetch more than US$2 billion, people familiar with the matter said.

China Investment Corp is discussing making a joint offer with Australian...

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