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Glencore announces $1 billion acquisition of Optimum Coal

Michael Allan McCrae | September 01, 2011 | 5:30 pm Energy Africa Europe Coal 

Glencore International plc (LON:GLEN), seeking access to the growing coal market in India and China, announced on Thursday an estimated $1 billion plan to acquire Optimum Coal Holdings (JNB:OPT), a significant thermal coal producer in South Africa. Glencore will value...

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