Glencore still on acquisition trail

Original article by Paul Garvey
The Australian – Page: 22 : 11-Aug-17

Glencore has posted 68 per cent growth in EBITDA for the first half of 2017, to $US6.74bn, while its net debt has fallen by 11 per cent to $US13.9bn. CEO Ivan Glasenberg says the diversified resources and commodity trading group is always looking at potential acquisitions, and it would consider another bid for Rio Tinto’s Hunter Valley coal mines if Yancoal Australia’s $US2.69bn deal to buy the assets is blocked. Yancoal trumped Glencore’s own bid.

CORPORATES
GLEDHILL, BURRIDGE AND CATHRO, YANCOAL AUSTRALIA LIMITED – ASX YAL, RIO TINTO LIMITED – ASX RIO, COAL AND ALLIED INDUSTRIES LIMITED, AUSTRALIA. TAKEOVERS PANEL, SENRIGAN CAPITAL GROUP LIMITED, FIRST QUANTUM MINERALS LIMITED

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