Glencore’s 2013 Coal Production Surges on South African Acquisitions

Bloomberg reported that Glencore’s 2012 coal production more than doubled after buying mine operations in South Africa.

As quoted in the market report:

Glencore is seeking to complete a $36 billion takeover of Xstrata Plc next month, adding coal, zinc, copper and nickel assets to create the world’s fourth-biggest mining company. The combined entity will have interests in about 35 coal mines in Colombia, Africa and Australia, and account for about 10 percent of global seaborne exports.

To view the whole Bloomberg report, click here.