The battle for Rio Tinto’s Australian coal assets took another twist on Monday, as the Anglo-Australian miner backed an increased bid from Yancoal, after the Chinese state-backed group upped its offer a day before shareholders are due to vote on the transaction.
Yancoal increased its bid to include $240m of royalty payments on top of $2.45bn in cash just days after Glencore, the Switzerland-based miner and commodity trader,
increased its own offer for the coal assets to $2.675bn, saying it would pay the entire amount upfront.
您已閱讀16%（529字），剩余84%（2713字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。