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Glencore Acquires Interest in Hunter Valley Operations
Glencore has signed agreements with Yancoal Australia regarding the acquisition of a 49% interest in the Hunter Valley Operations (HVO) coal mine in New South Wales and forming a joint venture following Yancoal's acquisition of Coal & Allied (C&A) from Rio Tinto. Glencore will pay cash consideration of $1.139 billion plus a 27.9% share of $240 million non-contingent royalties over five years and 49% of price contingent royalties payable by Yancoal to Rio Tinto on production from HVO in respect of the C&A acquisition.
Glencore Acquires Interest in Hunter Valley Operations
Glencore has signed agreements with Yancoal Australia regarding the acquisition of a 49% interest in the Hunter Valley Operations (HVO) coal mine in New South Wales and forming a joint venture following Yancoal's acquisition of Coal & Allied (C&A) from Rio Tinto. Glencore will pay cash consideration of $1.139 billion plus a 27.9% share of $240 million non-contingent royalties over five years and 49% of price contingent royalties payable by Yancoal to Rio Tinto on production from HVO in respect of the C&A acquisition.
Glencore Acquires Interest in Hunter Valley Operations
2017
Article (Journal)
English
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