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Glencore sizes up job cuts at Clermont

MINING giant Glencore has not ruled out redundancies at the Clermont thermal coal mine in Queensland after officially taking over its management as part of a $US1.02 billion ($A1.09 billion) deal with Rio Tinto Coal.

Lou Caruana
Glencore sizes up job cuts at Clermont

Rio Tinto said it had completed the sale of its 50.1% interest in the Clermont Joint Venture to GS Coal, a company jointly owned by Glencore and Sumitomo Corporation. Glencore's immediate focus will...

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