STRATEGIC PLANNING – SWITZERLAND

Glencore puts coal haulage business on the block for $1b

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Original article by Matthew Stevens, Amanda Saunders
The Australian Financial Review – Page: 21 & 26 : 17-Mar-16

Global mining company Glencore has confirmed that it will seek a buyer for its GRail coal haulage business in the Hunter Valley. It will shortly commence an auction process for the business, and it hopes to secure a deal by the September 2016 quarter. Glencore has invested around $A350m in the GRail business, which boasts EBITDA of $A100m. Potential buyers could include US-based Genesee & Wyoming, whose Freightliner subsidiary operates GRail on behalf of Glencore.

CORPORATES
GLENCORE PLC, GRAIL, GENESEE AND WYOMING INCORPORATED, FREIGHTLINER GROUP LIMITED, ASCIANO LIMITED – ASX AIO, PACIFIC NATIONAL PTY LTD, XSTRATA AG, RBC CAPITAL MARKETS, UGL LIMITED – ASX UGL, BHP BILLITON LIMITED – ASX BHP

Glencore puts Cobar mine up for sale

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Original article by Peter Ker
The Australian Financial Review – Page: 16 : 13-Oct-15

Debt-laden Glencore is seeking to offload the Cobar copper mine in central western New South Wales. The mine’s output for the first half of 2015 was 24,800 tonnes of copper concentrate and 239,000 ounces of silver. Glencore’s Lomas Bayas copper mine in Chile has also been put on the market, and an unnamed analyst based in London says neither of the assets are likely to be of interest to major mining groups.

CORPORATES
GLENCORE PLC, BLOOMBERG LP, RIO TINTO LIMITED – ASX RIO, XSTRATA AG, X2 RESOURCES PARTNERS LP

Glencore still harbours desires for Rio Tinto

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Original article by Amanda Saunders
The Australian Financial Review – Page: 13 & 18 : 5-Jun-15

A merger with Rio Tinto remains on the agenda for Glencore, although the group has indicated that it would also favour acquiring Rio’s iron ore or coal divisions. Peter Freyberg, the head of Glencore’s coal division, has highlighted the potential synergies arising from thermal coal acquisitions or joint ventures in the Hunter Valley region of New South Wales.

CORPORATES
RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, PEABODY ENERGY AUSTRALIA COAL PTY LTD, BHP BILLITON LIMITED – ASX BHP, THE MELBOURNE MINING CLUB

‘Opportunistic’ buyer Glencore still on acquisition hunt

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Original article by Peter Ker
The Australian Financial Review – Page: 13 & 18 : 15-Dec-14

Glencore chairman Tony Hayward is not expected to discuss a potential merger with Rio Tinto during a visit to Australia in mid-December 2014. Rio Tinto revealed in early October that Glencore had approached the group about a merger, and Switzerland-based Glencore is widely tipped to make another approach in 2015. Glencore CEO Ivan Glasenberg recently indicated that the group remains keen to pursue acquisitions

CORPORATES
RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, BHP BILLITON LIMITED – ASX BHP, NICKEL WEST, BANK OF MONTREAL, VALE SA, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS