Showing posts with label Sumitomo Corporation. Show all posts
Showing posts with label Sumitomo Corporation. Show all posts

Monday, October 28, 2013

Glencore, Sumitomo buy Rio Tinto coal mine stake for $1 bn

MELBOURNE/LONDON: Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.