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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.
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.
As Russia closes the Nord Stream pipeline, demand for coal surges
The mine has an annual production capacity of 5.5 million tonnes of coal. [1] In 2011, seven million tonnes of coal were produced. [2] The mine is operated by Glencore Australia and owned by Queensland Coal, Nippon Steel Australia, Marubeni Coal and Sumisho Coal Development. [2] Resources at the site were originally discovered in 1968. [3]
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
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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 ...