An activist investor has called on Glencore to sell its thermal-coal business, ...

[mahatmakanejeeves]

An activist investor has called on Glencore to sell its thermal-coal business, pressuring the commodities giant to join other big miners in ditching the fuel

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Glencore Faces Call From Activist to Sell Coal Assets
The commodities giant is the last of the world’s large miners to retain a presence in thermal coal, a currently lucrative business but one seen by ...

[Srkdqltr]

1. Sell to ?? And what would the new owner do with it?

[mahatmakanejeeves]

2. 1) Someone who wants to buy it.

2) Mine coal and sell it to someone who wants it.

[Srkdqltr]

3. I understand that, but, would a new owner be better?

Is the point to be rid of the mine and of the coal? Not just to have someone else do the same thing.

[mahatmakanejeeves]

4. Maybe this is what works for them. NT