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Glencore to buy out Cerrejon JV partners for US$588M

Commodities giant Glencore has agreed to buy out its JV partners in the Cerrejon thermal coal mine in Colombia for US$588 million.

Glencore to buy out Cerrejon JV partners for US$588M Glencore to buy out Cerrejon JV partners for US$588M Glencore to buy out Cerrejon JV partners for US$588M Glencore to buy out Cerrejon JV partners for US$588M Glencore to buy out Cerrejon JV partners for US$588M

Glencore will pay about US$294 million cash each to Anglo American and BHP for their respective 33.3% stakes in the asset.