Yanzhou Coal Mining Co Ltd (600188.SS)
17 Nov 2017
HONG KONG, Aug 10 (IFR) - Asian credits were soft on Thursday on weak performances of regional stock markets amid ongoing geopolitical concerns over North Korea.
* Says Coal & Allied Industries Ltd's affiliates to sell 16.6 percent stake in HVO for $429 million to Glencore's companies after transaction
SYDNEY, July 27 Yancoal Australia has been cleared by its Chinese parent, Yanzhou Coal Mining , to sell 16.6 percent of the key assets of Rio Tinto's Coal & Allied division, once its completes the $2.69 billion Coal & Allied acquisition.
SYDNEY/LONDON Rio Tinto selected Yancoal on Tuesday to buy its Coal & Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid.
* Shareholders to vote later this month (Adds detail of termination fee, updates share prices)
SYDNEY Yancoal Australia said it was not concerned "at this stage" over the financial strength of its No.2 shareholder Noble Group, and that its acquisition of Rio Tinto's coal mines did not hinge on funding from the commodities trader.