Glencore acquires 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, Australia

BAAR, 07-May-2018 — /EuropaWire/ — Glencore has completed the acquisition of a 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, following the receipt of regulatory approvals.

The HVO Joint Venture (JV) with Yancoal, which owns a 51% stake, is now established.

“We look forward to a successful partnership with Yancoal at the HVO JV and expect it will bring significant benefits for both companies and their shareholders”, said Ian Cribb, Chief Operating Officer of Glencore’s coal business in Australia.

Ends  

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For further information please contact:

Investors
Martin Fewings
t: +41 41 709 2880
m: +41 79 737 5642
martin.fewings@glencore.com

Ash Lazenby
t: +41 41 709 2714
m: +41 79 543 3804
ash.lazenby@glencore.com

Media
Charles Watenphul
t: +41 41 709 24 62
m: +41 79 904 33 20
charles.watenphul@glencore.com

Francis De Rosa
t: +61 2 8247 6352
m: +61 417074751
francis.de.rosa@glencore.com

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group’s operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.

With a strong footprint in both established and emerging regions for natural resources, Glencore’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.

Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore’s companies employ around 146,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

About Glencore’s coal business in Australia 
Glencore is one of Australia’s largest coal producers with 16 operational mines across New South Wales and Queensland.

We employ over 7,600 Australians and in 2017 managed the production of more than 88 million tonnes of thermal and coking coal, predominantly for export.

We have a strong safety and environmental performance and play an active role in the development of low emission coal technology.

For more information, please visit www.glencore.com.au

Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies.  Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

SOURCE: Glencore