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Glencore snatches Rio’s Australian coal mine in $1.7bn deal

Cecilia Jamasmie | March 20, 2018 | 3:25 am Energy Top Companies Australia Europe Coal 

Miner and commodities trader Glencore (LON:GLEN) has bought Rio Tinto’s (ASX, LON:RIO) Hail Creek coal mine in Australia for $1.7 billion, which increases the Swiss firm’s presence in the coal sector just as is rivals move away from the fuel....

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