Glencore and Yancoal form joint venture for Hunter Valley Operations coal mine

Glencore will pay US$1.139 billion to acquire a 49% interest in the Hunter Valley Operations coal mine from Yancoal and Mitsubishi Development, forming a joint venture.

“Glencore will pay US$1.139 billion, plus a share of the royalties payable by Yancoal to Rio Tinto.”abc.net.au

• 1 source
• abc.net.auGlencore and Yancoal strike deal over Hunter Valley coal mine - ABC NewsCecilia ConnellJul 28, 2017

Summarized from public sources; check the original articles before acting on it.