Glencore has denied possibilities of antitrust infringement, if it were to embark on further mergers and acquisitions in the steelmaking coal sector.
Following its U-turn to not spin off its coal business, owing to its profitability appeal to its shareholders, the mining giant indicated that it is open to further acquisitions.
Glencore completed its purchase of Teck Resources’ steelmaking coal business, Elk Valley Resources, last month.
