Glencore buys 100pc of Australia''s Rolleston coal mine ...
Rolleston produces 5,470 kcal/kg coal, so it receives the significant discount that 5,500 kcal/kg coal has attracted over higher-grade 6,000 kcal/kg coal over the past six months. Prices for 5,500 kcal/kg coal are almost at $100/t fob Newcastle compared with $58/t a year ago and around $72/t when Glencore put the mine on the market in August 2017.