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Glencore abandons coal production cap as another climate pledge falls
21 Mar 2024 21:39 GMT
… not building new greenfield thermal coal mines.
“We considered the … of also maintaining the coal production cap that was … therefore decided to remove the coal production cap, anticipating that … s Australian coal assets while they were owned by Xstrata and …
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Ottawa will closely scrutinize Glencore’s proposed takeover of Teck’s coal business, Freeland says
15 Nov 2023 04:14 GMT
… T agreement to sell its coal business to a consortium … cent of its core metallurgical coal business to Glencore, and the … acquisition of fellow Swiss miner Xstrata PLC, which bought former Canadian … grounds, in large part because coal is not a critical mineral …
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Glencore, an Empire Built on Coal, Prepares to Say Goodbye
14 Nov 2023 16:24 GMT
… create an even bigger coal company that Glencore will eventually … who still have exposure to coal, investor pressure, especially in … spearheaded its 2013 takeover of Xstrata in a $90 billion … specialized metals and coal companies.
However, coal was not the …
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Value over volume: Glencore’s clever profit-boosting coal mine closures
07 Dec 2022 01:35 GMT
… house, before the merger with Xstrata gave it ownership of a … .
There are few new coal mines being developed anywhere in … likely permanent reduction in Russian coal exports from the response to … the long-term future of coal looks dire. Glencore is demonstrating …
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Unmasking Glencore’s Swiss coal profits
16 Jun 2022 13:47 GMT
… excessive.
Rolleston’s former owner Xstrata, before it merged with Glencore … -free hub in Singapore for coal operations but with a 6 … $US8.6 billion of Australian coal.
If its marketing margin is … tax-free.
Since then, the coal price has trebled. You can …
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‘Hallowed ground’: Outcry over plan to remove homestead for coal mine
17 Apr 2021 15:50 GMT
… to make way for a coal mine expansion,.Credit:Janie BarrettMark … previous owner of the mine, Xstrata, which had pledged to restore …
“The homestead sits above a coal resource that could enable Glendell …
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The world’s biggest coal miner faces a ‘back to the future’ moment
07 Dec 2020 07:10 GMT
… debt inherited via the Xstrata merger saw Glencore shares … accelerating investor aversion towards coal miners, which deters or … ’s largest coal miner, dominating the energy coal sector.
Glasenberg … company-altering decision. While coal now represents only five …
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OUR BURNING PLANET: Jobs, Mpumalanga & death of coal: Switch to renewables will ensure future for the embattled province
10 Oct 2019 03:02 GMT
Mineworkers at the Xstrata coal mine in Mpumalanga. (Photo: … industries, where many former coal workers are re-trained … cheaper electricity than new coal-fired power stations.
Mpumalanga … intervening, and watching Mpumalanga coal towns die.
Bischof-Niemz …
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What's good for the world, is good for Glencore and its coal profits
21 Feb 2019 07:13 GMT
… market for premium energy coal. Coal, and energy coal in particular, is … prepared to cap Glencore’s coal production at its current … mining through its takeover of Xstrata in 2013 to leverage … even bigger profits from its coal mining and marketing operations.
…
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Blood coal: Ireland’s dirty secret
25 Oct 2018 12:09 GMT
… Guajira have become victims of coal mining, instead of beneficiaries … energy supply chains shields coal-importing countries, shareholders and … and its owners BHP, Glencore Xstrata, and Anglo American. It … government stops buying Cerrejón coal, it still has a …