21 Mar Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry
Glencore (LSE:GLEN) will purchase Rio Tinto’s (ASX:RIO) Hail Creek coal mine in Queensland for US$1.7 billion, in a deal which highlights a divergence in attitudes to the coal industry between Glencore and its rivals. The deal will see Rio transfer its 82% interest in Hail Creek...
