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Sumitomo to sell stake in Rolleston coal mine to Glencore

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World Coal,

Sumitomo Corp. has been engaged in thermal coal mining at the Rolleston coal mine in Queensland, Australia, together with Glencore.

On 9 August 2021, a sale agreement was signed between a Sumitomo Corp. subsidiary holding Rolleston interests and a Glencore subsidiary wherein the two companies agreed on the Sumitomo Corp. subsidiary selling its entire stake (12.5%) in Rolleston interests to the Glencore subsidiary.

The sale will be completed after the conditions of the sale agreement have been satisfied.

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This article has been tagged under the following:

Australia coal news Glencore news Queensland coal news