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.