Glencore to Buy Mercuria Stake in Coal Miner

- 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.

Click here to read the full Reuters report.

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