Glencore to Buy Mercuria Stake in Coal Miner
Investing News Network - November 10th, 2011
Reuters reported that Glencore (LSE:GLEN) is bidding to acquire a 15% stake in Optimum Coal Holdings (JSE:OPT) from Mercuria.
Reuters reported that Glencore (LSE:GLEN) is bidding to acquire a 15% stake in Optimum Coal Holdings (JSE:OPT) from Mercuria.
As quoted in the market news:
Glencore, aiming to be a major force in all top coal exporting regions, has been trying to gain control of OCH since June with its local partner, local politician-turned businessman Cyril Ramaphosa.