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Daily Archives: August 28, 2017

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Rolleston mine is located in Australia's Bowen Basin in Queensland state, 1,500 km (900 miles) from other Glencore mines in neighbouring New South Wales state. (Image courtesy of Glencore.)

Glencore to offload second coal mine in Australia in less than three months

Business, Coal Mine, InternationalBy adminAugust 28, 2017Leave a comment

Miner and commodities trader Glencore (LON:GLEN) said Monday it has begun the sale process for a second Australian coal mine as it readies to pay up to $300 million for shares in Yancoal Australia, as part of a deal that allowed the firm to put its hands on Rio Tinto’s (ASX, LON:RIO) former coal assets in the…

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