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Rio Tinto and China-owned Yancoal moving closer to finalizing 2.5 bln USD deal
Rio Tinto Plc agreed to sell its Australian unit, Coal & Allied Industries Ltd to China-owned Yancoal Australia Ltd. for nearly 2.5 billion US dollars on January 24, and the takeover process is moving towards an end.
April25,2017
Yancoal secures FIRB approval for 2.5bln USD purchase of Rio Tinto coal mines
A 2.5 billion U.S. dollars deal between mining giants Yancoal and Rio Tinto was approved by Australia's Foreign Investment Review Board (FIRB) on Thursday.
April14,2017
China's Yancoal acquires Australian coal assets of Rio Tinto
China's Yancoal Australia will take over Rio Tinto's coal assets in Australia in a deal worth 2.35 billion U.S. dollars.
February06,2017
Rio Tinto sells mines to China's Yancoal
Australian mining juggernaut Rio Tinto has struck the biggest ever single asset sale in their company's history, agreeing terms with Yancoal Australia, for $2.45 billion sale of their News South Wales business, Coal & Allied, late Tuesday.
January25,2017
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