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.
Read the article online at: https://www.worldcoal.com/coal/17082021/sumitomo-to-sell-stake-in-rolleston-coal-mine-to-glencore/
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