Original article by James Thomson
The Australian Financial Review – Page: 13 & 18 : 27-Jun-17

Rio Tinto has concluded that Yancoal’s bid for its Hunter Valley coal assets is superior to the rival offer from Glencore, despite the latter’s sweetened bid. Glencore has made a cash offer of $US2.675bn for the thermal coal assets, but Rio notes that it could take 12 months for Glencore to gain regulatory approval. In contrast, Yancoal is offering $US2.45bn in cash and royalty payments of $US240m, while it is expected to pass the last regulatory hurdles within months.

CORPORATES
RIO TINTO LIMITED – ASX RIO, YANCOAL AUSTRALIA LIMITED – ASX YAL, GLENCORE PLC, COAL AND ALLIED INDUSTRIES LIMITED, ROYAL BANK OF CANADA, YANKUANG CORPORATION GROUP LIMITED, SENRIGAN CAPITAL GROUP LIMITED, NOBLE GROUP LIMITED, BLOOMBERG LP, CITIGROUP PTY LTD