Glencore to buy out BHP, Anglo in Colombian coal mine By Reuters
LONDON (Reuters) - Diversified miner Glencore (LON:GLEN) has agreed to buy out the stakes in Colombia's thermal coal mine Cerrejon held by its partners BHP and Anglo American (LON:AAL). Glencore, which said it expects to pay $230 million for the stakes when the deal completes in the first half of 2022, sees production volumes at the mine declining materially by 2030. Mining companies have been reviewing their ownership of thermal coal assets as they transition out of the most polluting fossil fuels amid growing climate concerns and a shift towards sustainable...
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