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Too slow

12 June 2017 By Pete Sweeney

The trading giant has shoved aside Yancoal’s slow-moving purchase of Rio Tinto assets with a $2.6 bln cash bid – $100 mln over Yancoal’s still not-quite-financed offer. Glencore is betting Yancoal has thin political support and weak financial firepower. That seems shrewd.

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