Glencore consolidates global coal portfolio in Australian entity
Mining and trading house Glencore consolidated its global portfolio of coal and ferroalloy assets under one company registered in Australia, according to its annual report lodged with the country’s regulator. Last December, Glencore moved the projects held by a subsidiary, Glencore SA Holdings, to its Australian entity, “effectively consolidating its global portfolio of operational coal assets” it said in the report, which was lodged with the Australian Securities and Investment Commission last month. “As part of the transaction, the group also acquired ferroalloy assets in South Africa and an equity interest in the Mara copper and gold project in Argentina,” it said.
Mining and trading house Glencore consolidated its global portfolio of coal and ferroalloy assets under one company registered in Australia, according to its annual report lodged with the country’s regulator.
Last December, Glencore moved the projects held by a subsidiary, Glencore SA Holdings, to its Australian entity, “effectively consolidating its global portfolio of operational coal assets” it said in the report, which was lodged with the Australian Securities and Investment Commission last month.
“As part of the transaction, the group also acquired ferroalloy assets in South Africa and an equity interest in the Mara copper and gold project in Argentina,” it said.
