Gupta to buy Glencore’s Tahmoor coal mine
Fresh off his company’s acquisition of the Whyalla steelworks last year, British billionaire Sanjeev Gupta will buy the Tahmoor mine off commodities giant Glencore, to supply the steelworks with coking coal. Gupta entered the public eye in Australia when he spent almost $700 million to rescue embattled steel business Arrium from bankruptcy last year, buying
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