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Japan's Marubeni to bid for Rio Tinto Australia coal stake -sources
June 12, 2013 / 9:02 AM / in 4 years

Japan's Marubeni to bid for Rio Tinto Australia coal stake -sources

SYDNEY, June 12 (Reuters) - Japanese trading house Marubeni Corp is bidding for a 29 percent stake in Anglo-Australian miner Rio Tinto’s Coal & Allied unit, valued at an estimated $2 billion, two sources familiar with the process said.

It will be up against China’s state-owned Shenhua Group Corp Ltd, India’s Aditya Birla Group and Coal India, which are also eying bids for the stake in Coal & Allied and the Clermont mine that Rio has put up for sale.

Marubeni declined to comment.

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