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.
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Tag Archive | "Glencore"
2011 Coal Market Trends
Tuesday, December 6, 2011
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
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Glencore Reports Record Quarterly Coal Output
Thursday, November 17, 2011
Bloomberg reported higher thermal coal output from Glencore (LSE:GLEN).
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Glencore to Buy Mercuria Stake in Coal Miner
Thursday, November 10, 2011
Reuters reported that Glencore (LSE:GLEN) is bidding to acquire a 15% stake in Optimum Coal Holdings (JSE:OPT) from Mercuria.
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Optimum Coal Independent Board Reviews Glencore Bid
Monday, September 19, 2011
Reuters reported that Glencore (LON:GLEN) is buying shares of Optimum Coal (JNB:OPT) as it expresses interest in acquiring the company.
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2011 Coal Trends and Q4 Outlook
Thursday, September 1, 2011
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.
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Glencore Proposes Offer by Investors Valuing Optimum Coal at $1.2 Billion
Thursday, September 1, 2011
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
Friday, January 29, 2010
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.
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- Novadx Ventures Corp. – Emerging Coal Producer
- Prophecy Coal — Fulfilling Asia’s Energy Needs
- SouthGobi – Powering China’s Growth
- Thelon Capital Ltd. – Approximately 14 million tons of Inferred Coal Reserves
- Westcore Energy Ltd.- North American Energy Solutions
Asides
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Tuesday, December 13, 2011