Peter Major dissects Anglo and BHP sale of Colombian coal mine to Glencore

Mergence Corporate Solutions veteran mining director Peter Major dissects Anglo American and BHP Billiton's sale of its Colombian thermal coal assets to Ivan Glasenberg's Glencore for R8.3bn. Major highlights that there are many factors at play here with Anglos and BHP disinvesting from coal assets given their diverse and universal shareholder base calling for environmental best practice. According to Alec Hogg and Peter Major, Glasenberg having a large shareholding in Glencore was critical in the acquisition, putting monetary interests ahead of ESG considerations. Major regards this as a big win for Glencore shareholders. Learn more about your ad choices. Visit megaphone.fm/adchoices