Xstrata-Glencore Merger Not a Threat to Coal Buyers
Reuters reported that the merger of Xstrata (LSE:XTA) and Glencore (LSE:GLEN) will only make their long-time collaboration more formal.
Articles Tagged "Glencore"
Shanduka Group Increases Stake in Coal Venture
Bloomberg reported that Glencore (LSE:GLEN) sold a stake of Shanduka Coal to the Shanduka Group for $85 million.
2011 Coal Market Trends
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Glencore Reports Record Quarterly Coal Output
Bloomberg reported higher thermal coal output from Glencore (LSE:GLEN).
Glencore to Buy Mercuria Stake in Coal Miner
Reuters reported that Glencore (LSE:GLEN) is bidding to acquire a 15% stake in Optimum Coal Holdings (JSE:OPT) from Mercuria.
Optimum Coal Independent Board Reviews Glencore Bid
Reuters reported that Glencore (LON:GLEN) is buying shares of Optimum Coal (JNB:OPT) as it expresses interest in acquiring the company.
2011 Coal Trends and Q4 Outlook
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Glencore Proposes Offer by Investors Valuing Optimum Coal at $1.2 Billion
Bloomberg reported that Glencore's (LON:GLEN) offer for Optimum Coal (JNB:OPT) is valued at $1.2 billion.
Glencore to seek partner to buy back coal mines
On Friday, it was reported that Glencore [GLEN.UL] plans to buy back the prized Prodeco coal operations in Colombia from mining group Xstrata (XTA.L), but may chose to bring in a partner to do so.
