Industrial Metals

The Sydney Morning Herald reported that Glencore would pay a third-party, within its global chain, a fee to market and distribute its coal as it moves to close its Singapore office.

The Sydney Morning Herald reported that Glencore (LSE:GLEN) would pay a third-party, within its global chain, a fee to market and distribute its coal as it moves to close its Singapore office.

As quoted in the market news,

In evidence to the parliamentary inquiry into corporate tax avoidance Glencore’s Australian regional finance chief Nick Talintyre explained how Xstrata’s coal marketing business has been integrated into Glencore’s global coal marketing.

Click here for the full Sydney Morning Herald report

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