01
Aug
04:13
Glencore sells Yancoal Australia stake
Global natural resource firm Glencore has sold its minority stake in Chinese-owned coal mining firm Yancoal Australia for AUD 422.49 million ($295.05m), Kallanish notes.
According to Yancoal's statement, Glencore has ceased to be its substantial shareholder after disposing of 84.5 million Yancoal shares. The shares were sold at AUD 5 each.
Reuters reported last week that Glencore confirmed that it has sold its 6.4% shareholding in Yancoal as it did not consid…
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Anonymous
Very good overview of the weekly steel market.
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