Cerrejón mine
Location: La Guajira, Colombia
Source: Financial Conduct Authority (FCA)
Glencore acquired the remaining 66.6% shares in the Cerrejón open-pit coal-export mining operation in La Guajira, Colombia, from joint venture partners BHP and Anglo American. The transaction has an economic effective date of 31 December 2020, with an aggregate purchase consideration of approximately US$588 million, subject to adjustments. The effective cash consideration is expected to be about U
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
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Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Glencore acquired the remaining 66.6% shares in the Cerrejón open-pit coal-export mining operation in La Guajira, Colombia, from joint venture partners BHP and Anglo American. The transaction has an economic effective date of 31 December 2020, with an aggregate purchase consideration of approximately US$588 million, subject to adjustments. The effective cash consideration is expected to be about US$230 million, with an estimated payback period of less than 2 years. The acquisition consolidates full ownership and aligns with Glencore's commitment to a responsible managed decline of its coal portfolio. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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