Glencore's coking coal production of 6.1Mt was 700,000t higher than the previous corresponding period while production of thermal and semi-soft coal was 4.6Mt higher at 59.1Mt.

The commodity trader reached agreement in 2018 to acquire Rio Tinto's 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource in central Queensland for US$1.7 billion.

Yancoal completed the establishment of its 51%-49% joint venture with Glencore Coal in relation to Hunter Valley Operations two months later.

To establish the joint venture, Glencore acquired a 16.6% interest in the HVO JV from Yancoal for approximately US$429 million and a 32.4% interest in the HVO JV directly from Mitsubishi Development.

The HVO JV is jointly controlled by Yancoal and Glencore through a joint-venture management committee, and managed by an independent management team appointed by the JVMC.

Both companies have agreed to pursue operational synergies under the terms of the transaction documents.