Glencore Plc said on Thursday it has put its coal trains in Australia up for sale, hoping to fetch as much as A$1.5-billion ($1.1-billion) as it taps into a hot market for infrastructure to cut debt.
The Swiss-based mining and trading giant is looking to slash net debt this year by around $8-billion to help it weather what is expected to be a prolonged downturn in all its commodities markets.
