Correction to Glencore Swoops In on Deal for Australian Coal Mines Story

Features Dow Jones Newswires

If successful in buying Coal & Allied from Rio Tinto, Glencore said it would explore selling up to a 50% stake in the business and look to sell other coal assets so that its total financial commitment wouldn't exceed $2 billion. "Glencore Swoops In on Deal for Rio Tinto's Australian Coal Mines -- 2nd Update," published at 2106 GMT, incorrectly stated the commitment wouldn't exceed $1.5 billion in the 11th paragraph. The error also appeared in an earlier version of the story published at 1958 GMT.

Continue Reading Below

(END) Dow Jones Newswires

June 09, 2017 19:24 ET (23:24 GMT)