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Rio still keen on Yancoal sale

Glencore (LN:GLEN) had seemingly swept in at the last minute to ruin Yancoal Australia’s (AU:YAL) purchase of Rio Tinto’s (LN:RIO) Hunter Valley coal mines by offering US$100 million more for them.

Rio still keen on Yancoal sale Rio still keen on Yancoal sale Rio still keen on Yancoal sale Rio still keen on Yancoal sale Rio still keen on Yancoal sale

Harvesting cash: Rio will get its US$2.45b all at once now from Yancoal

Rio has announced it will stick with Yancoal despite the lower $2.