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Xstrata Coal Newsletter
  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • ‘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 …

  • 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 …

  • 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 …

  • 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. …

  • 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 …

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