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
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...