Glencore to buy Hail Creek for US$1.7B

GLENCORE has reached agreement 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.

Glencore to buy Hail Creek for US$1.7B Glencore to buy Hail Creek for US$1.7B Glencore to buy Hail Creek for US$1.7B Glencore to buy Hail Creek for US$1.7B Glencore to buy Hail Creek for US$1.7B

Glencore has acquired the Hails Creek mine in Queensland.