drbubb Posted January 12, 2009 Report Share Posted January 12, 2009 I will record stories on this thread as they pop up SUMMARY ... to come ... Link to comment Share on other sites More sharing options...
drbubb Posted January 12, 2009 Author Report Share Posted January 12, 2009 China Shenhua Energy (owner of 2nd largest coal reserves) : Rio's coal unit (Australia's Coal & Allied Industries) Shenhua is "planning to bid" on possible US $4.89 billion acquisition Other likely bidders: Mitsubishi - which owns 10.2% already Xtrata Coal & Allied Industries : raising coal production 15mn tonnes pa, to 200 mn tpa Rio plans to divest $10 billion worth of assets Link to comment Share on other sites More sharing options...
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