RIO Tinto shareholders have approved Yancoal Australia’s US$2.65 billion acquisition of Coal & Allied Industries.
Members of Yancoal parent company Yanzhou on a recent mine inspection in Australia.
That means Rio Tinto can no longer consider competing proposals for Coal & Allied putting rival bidder Glencore out of the race. Yancoal chairman Xiyong Li said Yancoal would seek to complete the transaction...
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