SYDNEY, April 13 (Reuters) - Australia's foreign investment watchdog has cleared Chinese- backed coal miner Yancoal Australia Ltd (YAL) to pursue its $2.45 billion acquisition of Rio Tinto (RIO)
's Coal and Allied Division, Yancoal said on Thursday. The approval by the Australian Investment Review Board marked a critical milestone for Yancoal, representing the Australian government's support for investment in the local resources sector, Yancoal said.
Yancoal said it expects to complete the deal in the third quarter of 2017.
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Last
$5.42 |
Change
-0.060(1.09%) |
Mkt cap ! $7.156B | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.53 | $5.40 | $5.790M | 1.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 761 | $5.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.42 | 6078 | 1 |
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| Last trade - 16.21pm 28/08/2025 (20 minute delay) ? |
| YAL (ASX) Chart |