External Content

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

(Bloomberg) -- Glencore Plc submitted a proposal to buy coal assets from Rio Tinto Group for $2.55 billion cash plus a price-linked royalty.

The Baar, Switzerland-based commodities producer and trader is looking to buy 100 percent of Coal & Allied Industries Ltd, it said in a statement Friday

The deal would be funded from existing cash and committed facilities and is subject to regulatory conditions. Glencore has also agreed to buy Mitsubishi Corp.’s stakes in the Hunter Valley Operations and Warkworth ventures for $920 million.

“There is no certainty that any transaction will be concluded,” it said. “Glencore will only be bound once a binding share purchase agreement is concluded with Rio Tinto.”

To contact the reporter on this story: James Attwood in Santiago at jattwood3@bloomberg.net.

To contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Sebastian Boyd

©2017 Bloomberg L.P.

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

Bloomberg