Surge in coking coal futures prices on Feb 21st was triggered by reports suggesting that Shanxi Lu’an, one of China’s major coal producers
Glencore’s coal division saw a significant drop in earnings in 2023, with adjusted EBITDA falling to $7.97B compared to $17.92B in 2022
Colombia’s second largest coal producer Cerrejon and the company’s largest union Sintracarbon ended 40 days of negotiations
Glencore Plc reported a steep drop in annual profit and lowered its dividend, after markets retreated from the price spikes
Global commodities giant Glencore saw its coal production rise 3% in 2023 to 113.6 million tonnes (mt), exceeding 2022 levels
The railway infrastructure used by Glencore’s Cerrejón coal mine in Colombia was attacked with explosives by unknown suspects late on Friday
Global miner Glencore said after some investors rejected its climate progress it will Updated its climate action transition plan in March
Glencore has acquired a 77% stake in Teck Resources’ EVR for $6.93 billion.
Glencore has acquired a 77% stake in Teck Resources’ Elk Valley Resources (EVR) for $6.93 billion.
Glencore Plc has reported a 50% drop in first-half profit due to disappointing Chinese demand affecting commodity prices.
This ongoing saga continues, and from my vantage Glencore is strategically out maneuvering Teck’s management.
Teck Resources rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore.