GFG Alliance, the owner of international metals group Liberty House, has signed a binding agreement to acquire Glencore's 2 million-tpy Tahmoor metallurgical coking coal mine in New South Wales, Australia, it said on Tuesday January 2.
The acquisition is expected to be concluded during the first quarter of 2018, following the completion of "customary conditions".Liberty House declined to disclose the purchase price for the Tahmoor mine.The Tahmoor mine, which is 75km south-west of Sydney, is a key supplier of coking coal to Liberty House's 1.2 million-tonne-per-year Whyalla steelworks in South Australia.Liberty completed the purchase...