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Rio Tinto completes Divestment of Coal & Allied Industries Limited for $2.69 billion

September 1, 2017 | Rio Tinto has completed the sale of its wholly-owned subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited.

As quoted in the press release:
Rio Tinto will receive total consideration of $2.69 billion for the sale, together with customary adjustments for net debt and net working capital at completion. The $2.69  … Read More

Rio Tinto Confirms Yancoal as the Preferred Buyer of its Thermal Coal Assets in Australia

June 26, 2017 |

The Rio Tinto board today confirmed its recommendation that shareholders vote in favour of the sale of Rio Tinto’s wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the board of a revised offer from Glencore plc (“Glencore”) received on 23  … Read More

Glencore Increases Fully Funded Offer for Coal & Allied

June 23, 2017 | Glencore has submitted an improved irrevocable binding offer (“Glencore Offer”) to acquire Rio Tinto’s 100% interest in Coal & Allied Industries Limited (“C&A”) for US$2.675 billion cash plus a coal price linked royalty. All cash is payable in full immediately upon completion.

As quoted in the press release:
Improved Offer
Glencore’s Offer has  … Read More

Action Needed to Regain Canada’s Leadership in Mineral Exploration and Mining

August 22, 2016 |

WINNIPEG, MB–(Marketwired – August 22, 2016) – Canada’s mineral exploration and mining industry is asking Energy and Mines Ministers, currently in Winnipeg for their 73rd annual conference, to work on tackling several challenges that have resulted in Canada dropping to second place behind Australia as the most desirable mining destination  … Read More