# 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.

- Type: Acquisition
- Announced: 2017-07-28
- Where: Hunter Valley, New South Wales, Australia, Australia
- Value: $1.14B
- Status: announced
- Capacity: 69 million tonnes per annum
- Products: coal
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Glencore](https://endata.com/companies/22952.md) (acquirer)
- [Mitsubishi Development](https://endata.com/companies/24905.md) (target)
- [Yancoal](https://endata.com/companies/25905.md) (partner)

## Sources

- [abc.net.au](https://www.abc.net.au/news/2017-07-28/glencore-and-yancoal--strike-deal-over-hunter-valley-coal-mine/8752144), 2017-07-28: "Glencore will pay US$1.139 billion, plus a share of the royalties payable by Yancoal to Rio Tinto."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.