trending Market Intelligence /marketintelligence/en/news-insights/trending/XKakyNowjW2wCSYlp3xRqQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Glencore's A$1B GRail receives bids from 3 major coal carriers

Industry Top Trends 2021: Metals and Mining

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects


Report: Glencore's A$1B GRail receives bids from 3 major coal carriers

GlencorePlc's A$1 billion Hunter Valley coal train network receivedseparate bids during the July 11 auction from major coal carriers AurizonHoldings Ltd., Asciano Ltd.'s Pacific National and U.S.-listed Genesee &Wyoming Inc., The Australian FinancialReview's Street Talk reportedJuly 12, citing sources.

Infrastructure players Morgan Stanley Infrastructure andMacquarie Group's Macquarie Infrastructure and Real Assets also made separateoffers.

The mining heavyweight's GRail coal haulage business wasbuilt in 2010 and was designed to carry up to 40 million tonnes of coal fromthe company's mines to the Port of Newcastle in New South Wales, Australia.Glencore is expected to guarantee volumes to the new buyer for a minimum of 15years.

Glencore is expected to shortlist parties and open asecond-stage data room in the next two weeks, according to the report.