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At Glencore's aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields, aiming to burnish the company's environmental ...
Glencore (OTC:GLCNF) has decided not to spin off its coal business. Following an acquisition of Teck's (NYSE:TECK) coal assets, most shareholders preferred maintaining the lucrative unit.
A major investor has said it is divesting from mining giant Glencore and TK Maxx owner TJX over environmental concerns. Legal & General Investment Management (LGIM), one of the world’s largest ...
This addition is expected to increase the company's potential saleable coal by over 30% through to the end of mine life, with EVR's metallurgical coal mines having an average life of 31 years, extending beyond 2050. Despite retaining its coal assets, Glencore maintains its commitment to achieving climate neutrality by 2050.
Cerrejón is a large open-pit coal mine in Northern Colombia owned by Glencore.At Cerrejón, low-ash, low-sulphur bituminous coal from the Cerrejón Formation is excavated. . At over 690 square kilometres (270 sq mi) the mine is one of the largest of its type, the largest in Latin America and the tenth biggest in the wor
The Rolleston Coal Mine is an open-cut coal mine located in Central Queensland, Australia, with reserves amounting to 600 million tonnes of thermal coal. The mine has an annual production capacity of 14 million tonnes. [1] It is one of numerous coal mines in the Bowen Basin. The mine is wholly owned by Glencore. [2] Xstrata acquired it from ...
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By 2011, Glencore operated the mine and had a 40% stake through a 50% holding in Samref Congo Sprl, which in turn held 80% of Mutanda, with the state-owned Gécamines holding the other 20%. In 2011, Gécamines sold its shares to Rowny Assets Limited, a company associated with Israeli billionaire Dan Gertler . [ 9 ]