Glencore signs deals to buy 49% stake in Australia's Hunter Valley for $1.1b

Glencore signs deals to buy 49% stake in Australia's Hunter Valley for $1.1b

Bulga Coal Complex, Glencore facilities. Visual from the company website

Glencore said on Thursday it had signed agreements to buy a 49 percent stake in coal mines in Australia’s Hunter Valley for just over $1.1 billion, getting a share of assets it was expected to miss out on to China’s Yancoal.

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