Glencore doubles down on thermal coal as Anglo exits
Anglo and its partner BHP sell their stakes in a large Colombian colliery to the commodity trader in R8.3bn deal to decarbonise their portfolios
28 June 2021 - 08:54
UPDATED 28 June 2021 - 15:44
Glencore, the world's leading commodities trader, took full ownership of the Cerrejón colliery in Colombia in an R8.4bn deal as Anglo American finalised its exit from thermal coal in the transaction.
Anglo, one of the world’s largest diversified mining companies, has now removed thermal coal from its portfolio with the sale of its one-third stake in Colombia’s Cerrejón colliery to Glencore for $294m (R4.2bn). This was Anglo's last thermal coal investment...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.