Glencore says it plans to sell its Rolleston coal mine in Australia

SYDNEY - 28 August 2017: Miner Glencore PLC (GLEN.L) said on Monday it has launched a sale process for the Rolleston thermal coal mine in Australia together with its joint venture partners, Japanese trading houses Itochu Corp (8001.T) and Sumitomo Corp (8053.T).

“This decision is part of Glencore’s ongoing programme to optimise its portfolio and redeploy capital into other opportunities,” Glencore said in a statement.

It didn’t disclose financial targets for the proposed sale.