Anglo-Swiss commodity trader Glencore Xstrata and Japan's Sumitomo Corp. are each acquiring a 25.05 percent stake in Rio Tinto's Clermont coal mine in Queensland.
October 28, 2013 at 05:31 AM
1 minute read
Clifford Chance, King & Wood Mallesons, and Allens had the lead roles in Rio Tinto Group’s $1 billion sale of interests in one of Australia’s largest coal mines.
Anglo–Swiss commodity trader Glencore Xstrata and Japanese trading company Sumitomo Corp. are each acquiring from Rio Tinto a 25.05 percent stake in the Clermont coal mine in Queensland. Glencore will operate the mine and market its coal.
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