Junior Mining News

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

By analyst By Cecilia Jamasmie The battle over Rio Tinto’ (ASX, LON:RIO) coal assets in Australia’s Hunter Valley seems to have come to an end as the miner has picked an improved offer by Yancoal Australia (ASX:YAL), a subsidiary of China’s Yanzhou Coal Mining, over Glencore’s (LON:GLEN) bid. Acquisition would make of Yancoal Australia’s largest […]

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Rio Tinto in search of next Oyu Tolgoi in Mongolia

By analyst By Cecilia Jamasmie Mining giant Rio Tinto (LON:RIO) and its Canadian affiliate Turquoise Hill (TSX:TRQ) are once again exploring Mongolia’s metals-rich Gobi desert, following the country’s renewed efforts to attract foreign investment. Last month, the landlocked country bordering China and Russia decided to open more than one-fifth of its territory for mining exploration,

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