LONDON (Reuters) - Glencore (>> Glencore) on Tuesday said it would review its options after Rio Tinto (>> Rio Tinto) (>> Rio Tinto Limited) said it was sticking to a recommendation of China-backed Yancoal (>> Yancoal Australia Ltd) 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".
(Reporting by Barbara Lewis. Editing by Jane Merriman)