Coal news and updates

Sumitomo Corp. has been engaged in thermal coal mining at the Rolleston coal mine in Queensland, Australia, together with Glencore.

 

On 9 August 2021, a sale agreement was signed between a Sumitomo Corp. subsidiary holding Rolleston interests and a Glencore subsidiary wherein the two companies agreed on the Sumitomo Corp. subsidiary selling its entire stake (12.5%) in Rolleston interests to the Glencore subsidiary.

 

The sale will be completed after the conditions of the sale agreement have been satisfied.

 

Source : https://www.worldcoal.com/coal