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Australia: Glencore Xstrata and Sumitomo take control at Clermont

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Report summary

Glencore Xstrata in joint venture with Sumitomo Corporation has reached agreement with Rio Tinto for a controlling, 50.1% interest in the Clermont coal mine. The price of US$1,015 million (A$1,057 million) makes it the largest announced coal deal in Australia in 2013, and the second largest globally.

What's included

This report contains

  • Document

    Australia: Glencore Xstrata and Sumitomo take control at Clermont

    PDF 525.92 KB

Table of contents

  • Executive summary
  • Deal summary
  • Location map
  • Coal assets
  • Deal analysis
  • Strategic Rationale and Upside
  • Economic Assumptions

Tables and charts

This report includes 9 images and tables including:

Images

  • Clermont infrastructure map
  • 2013 Australia export thermal cash cost curve (A$/t)
  • 2013 Australia export thermal margin curve (A$/t)
  • Pro-Forma production and share of Australia thermal coal exports 2013 and 2014 (%)

Tables

  • Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 1
  • Marketable reserves 01/01/2014
  • Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 3
  • Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 4
  • Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 5

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