Mining News

Activist Bluebell asks Glencore to separate its coal business

Activist hedge fund Bluebell Capital Partners has asked Glencore to separate its thermal coal business because it has become a barrier to investment.

The hedge fund firm said that the commodities giant could realise more value for shareholders if it separates that business, simplifies its asset base, disposes of non-core asset Viterra, and tackles governance issues. Bluebell’s partners Giuseppe Bivona and Marco Taricco made the demands in a letter to the company, a copy of which was seen by Bloomberg.

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