David Fickling, Columnist

How Yancoal and Glencore Can Bury the Hatchet

The fight over Rio Tinto's Australian coal interests could end in a profitable partnership.

June 27, 2017 at 7:31 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

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The world's biggest coal consumer and the largest commodity trader are fighting over a rich seam of the black stuff. They'd be better off working together.

Shareholders of Rio Tinto Group's U.K. listing were voting Tuesday on whether to accept a $2.69 billion offer to buy Coal & Allied Industries Ltd. from Yancoal Australia Ltd., which is ultimately controlled by the Chinese government.