Insight
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$1,057 million) makes it the largest announced coal deal in Australia in 2013, and the second largest globally.
Table of contents
- Executive summary
- Deal summary
- Location map
- Coal assets
- Deal analysis
- Strategic Rationale and Upside
- Economic Assumptions
Tables and charts
This report includes 9 images and tables including:
- Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 1
- Clermont infrastructure map
- Marketable reserves 01/01/2014
- Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 3
- 2013 Australia export thermal cash cost curve (A$/t)
- 2013 Australia export thermal margin curve (A$/t)
- Pro-Forma production and share of Australia thermal coal exports 2013 and 2014 (%)
- Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 4
- Australia: Glencore Xstrata and Sumitomo take control at Clermont: Table 5
What's included
This report contains:
