Glencore is considering the sale of its Hunter Valley coal haulage business, the third largest in Australia, in hopes of reaping about $1 billion to further shore up its debt-laden balance sheet.
The auction could spark a bidding war and disrupt the duopoly in the region held by freight giants Asciano and Pacific National.
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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au
