M&A

Glencore snaps up Rio Tinto's share of Clermont

GLENCORE Xstrata is expanding its Australia coal empire by acquiring Rio Tinto Coal's 50.1% share...

Lau Caruana
Glencore snaps up Rio Tinto's share of Clermont

Clermont is a large scale open cut mine producing high energy thermal coal with relatively low ash. It is fully capitalised and current saleable production is 12 million tonnes per annum, making it Australia's...

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