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  • Glencore to acquire Rio coal assets in QLD for $US1.7bn

    about 3 years ago by Celotti Workforce

    Rio Tinto has agreed to sell its interests in the Hail Creek coal mine and Valeria coal project in Queensland to Glencore for $US1.7 billion ($2.2 billion).Glencore’s acquisition includes Rio’s 82 percent share in Hail Creek and a 71.2 percent interest in Valeria.The Hail Creek Complex is in the northern Bowen Basin, 120km south-west of Mackay. It includes the the Hail Creek...

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