coal Tag

Glencore (LSE:GLEN) has made a move to divest a second Australian coal mine, along with its Japanese joint venture partners Itochu Corp and Sumitomo Corp. The forthcoming sale of its Rolleston mine is part of the multi-focused commodity giant’s reconsideration of how it deploys capital as...

Yancoal Australia has confirmed its purchase of Mitsubishi Development’s 32.4% stake in the Hunter Valley coal mining division, which has become subject of a bidding war between Yancoal and Glencore. The Chinese-controlled firm will pay a total of US$940 million for Mitsubishi’s minority interest in the...