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Yancoal closes Coal & Allied deal

RIO Tinto has finally completed the sale of its wholly-owned subsidiary Coal & Allied Industries to Yancoal Australia for US$2.69 billion.

Lou Caruana
The Mt Thorley Warkworth coal mine in NSW.

The Mt Thorley Warkworth coal mine in NSW.

Yancoal has taken over management of Rio Tinto’s thermal coal business in the Hunter Valley region of New South Wales. The Coal & Allied group holds a 67.6% interest in the Hunter Valley Operations mine,...

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