Glencore agrees sale of Tahmoor coal mine to SIMEC Mining
Media statement
Glencore has reached agreement to sell its Tahmoor underground coal mine to SIMEC Mining, the mining division of the GFG Alliance.
The transaction is subject to approval from the New South Wales Government and is expected to complete in Q1 2018. It will be business as usual until then.
For further information, please contact:
Francis de Rosa
m: +61 417 074 751
e: Francis de Rosa
Allyn Hamonet
m: +61 418 228 075
e: Allyn Hamonet
Notes for editors
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise about 150 mining and metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 155,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
Visit Glencore's website to learn more.
About Glencore Australia
Glencore is a major Australian employer, with over 15,600 people working across industries that include coal, copper, cotton, grain and oilseeds, nickel, oil and zinc.
In 2016, we contributed more than $12 billion to the regional, state and national economies, by employing people, sourcing from local communities, and paying taxes to our host governments.
Visit Glencore Australia's website to find out more.
About Glencore's coal business in Australia
Glencore is one of Australia’s largest coal producers with 13 mining complexes—including 17 operational mines—across New South Wales and Queensland.
We employ 7,500 Australians and in 2016 managed the production of nearly 93 million tonnes of thermal and coking coal, predominantly for export.
We have a strong safety and environmental performance and play an active role in the development of low emission coal technology.