A multi-billion dollar bidding war for most of Rio Tinto's Australian coal mines has broken out between China-backed Yancoal and Glencore after the Swiss commodities giant made an unexpected offer.
Amulti-billiondollarbiddingwarformostofRioTinto'sAustraliancoalmineshasbrokenoutbetweenChina-backedYancoalandGlencoreaftertheSwisscommoditiesgiantmadeanunexpect
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