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Glencore and Apollo said to be teaming up on Anglo coal bid

Private equity giant Apollo has again been linked with mining asset purchases, this time said to be considering a joint bid with Glencore for Anglo American‘s Australian coal assets, according to The Australian newspaper.

Mining Journal
Anglo American is targeting asset sales of US$3-4 billion this year

Anglo American is targeting asset sales of US$3-4 billion this year

Earlier this year, Apollo was named by market sources as a joint bidder with Vale, for Anglo’s Brazilian niobium and phosphates business which China Molybdenum ended up buying for US$1.5 billion. Glencore...

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