Latest Headlines
RESOURCE STOCKS
✕
M&A

Glencore snaps up Rio Tinto's share of Clermont

GLENCORE Xstrata is expanding its Australia coal empire by acquiring Rio Tinto Coal's 50.1% share of the Clermont mine in Queensland with the Japanese Sumitomo group for the fire-sale price of $US1.015 billion($A1.059 billion).

Lau Caruana
Glencore snaps up Rio Tinto's share of Clermont

Clermont is a large scale open cut mine producing high energy thermal coal with relatively low ash. It is fully capitalised and current saleable production is 12 million tonnes per annum, making it Australia's...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
RESOURCE STOCKS

Northern Territory Copper Project Well Positioned

RESOURCE STOCKS

PolarX Strongly Backed by Gold Major

MOST POPULAR

1
CAPITAL MARKETS

Executive Outcomes: Wia, GR and more

2
MINERS

Gold Road rules out buying 'renovator's delight' mines

3
MINERS

Pilbara points to improved pricing in lithium sector as it delivers 'very solid' quarter

4
ESG

Permitting timeline awaited as Capricorn adds gold reserves to proposed Mt Gibson project

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902

Login