Glencore says will respond in due course after Rio favors Yancoal bid

Glencore (GLEN.L) on Tuesday said it would review its options after Rio Tinto (RIO.L)(RIO.AX) said it was sticking to a recommendation of China-backed Yancoal (YAL.AX) as the preferred buyer of its Coal & Allied division in Australia.

In a statement, Glencore, which had made a higher offer than Yancoal, said it would respond "in due course".