GREY:PGDIF - Post by User
Post by
Silverwhereon Jul 02, 2017 1:56pm
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Post# 26428489
"Chidliak here we come" ?
"Chidliak here we come" ? RIO’s cash reserves:
Rio Tinto shareholders have recently given an overwhelming approval, with 97.2% votes, to sell a large chunk of the company's thermal coal assets, located in Australia's Hunter Valley, to Yancoal Australia (OTC:YACAF), a Chinese state-backed miner, for $2.45 billion in cash and $240 million in royalty payments.
... the sale of Australian coal assets will push its cash reserves, which were $8.56 billion at the end of last year, higher.
https://seekingalpha.com/article/4085253-rio-tinto-will-reward-investors
https://www.riotinto.com/copperanddiamonds/about-rio-tinto-diamonds-10527.aspx
https://www.riotinto.com/aboutus/management-board-3502.aspx