GLN - Glencore reaches agreement to sell GRail coal haulage business
Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
Baar / Sydney
20 October, 2016
Glencore reaches agreement to sell GRail coal haulage business
Glencore has reached agreement with Genesee & Wyoming Australia (GWA) to sell its Glencore Rail
(GRail) coal haulage business in the New South Wales Hunter Valley for A$1.14 billion. The closure of
the transaction is subject to FIRB approval.
Peter Freyberg, Head of Glencore’s Global Coal Assets, said: “We established GRail in 2010 and have
steadily grown it to become the third largest coal haulage business in the country. It has played a very
important role in reducing costs and improving the overall efficiency of Australia’s largest coal chain in the
Hunter Valley. We are very pleased with the outcome of the sale process and look forward to continuing
our constructive working relationship with Genesee & Wyoming in the years ahead.”
Upon completion, GWA will service the majority of Glencore’s coal haulage requirements in the Hunter
Valley via a 20 year contract for the haulage of our export coal to the Port of Newcastle.
GRail currently hauls approximately 40 million tonnes per year of Glencore’s Hunter Valley coal
production to the Port of Newcastle.
The sale of the GRail business forms another significant part of Glencore’s debt reduction program.
For further information please contact:
Investors
Martin Fewings t: +41 41 709 28 80 m: +41 79 737 56 42 martin.fewings@glencore.com
Carlos-Francisco t: +41 41 709 23 69 m: +41 79 129 91 95 carlos.fernandez@glencore.com
Fernandez
Media
Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 charles.watenphul@glencore.com
Pam Bell t: +44 20 7412 3471 m: +44 77 3031 9806 pam.bell@glencore.co.uk
Media (Australia)
Francis De Rosa m: +61 (0) 417 074 751 francis.de.rosa@glencore.com
Allyn Hamonet m: +61 (0) 478 228 075 allyn.hamonet@glencore.com.au
www.glencore.com
Notes for Editors
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer
and marketer of more than 90 commodities. The Group's operations comprise around 150 mining and
metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's
industrial and marketing activities are supported by a global network of more than 90 offices located in
over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation,
oil and food processing. We also provide financing, logistics and other services to producers and
consumers of commodities. Glencore's companies employ around 160,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the
International Council on Mining and Metals. We are an active participant in the Extractive Industries
Transparency Initiative.
For more information, visit www.glencore.com.au
About Glencore’s coal business in Australia
Glencore is one of Australia’s largest coal producers with 12 mining complexes – including 16 operational
mines – across New South Wales and Queensland.
We employ about 7,650 Australians and in 2015 managed the production of more than 92 million tonnes
of thermal and coking coal, predominantly for export.
We have a strong safety and environmental performance and play an active role in the development of
low emission coal technology.
For more information, visit www.glencore.com.au
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Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank Division)
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