Glencore is buying Rio Tinto’s majority stake in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2 per cent interest in the Valeria coal resource, for $2.2 billion (US$1.7 billion). The remaining 18 per cent of Hail Creek is currently owned by Nippon Steel Australia, Marubeni Coal, and Sumisho Coal […]
