Glencore ups bid for Rio Tinto's Australian coal assets

摘要

Glencore has upped its offer for Rio Tinto's 100%-owned Australian Hunter Valley thermal coal business Coal & Allied to $2.675 billion cash as well as a coal price-linked royalty. The diversified miner has been vying for the business with China's Yanzhou Coal Mining unit and previously offered $2.55 billion after Yancoal offered $2.45 billion.