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Vedanta Aluminium announces appointment of David Stone as CEO for coal mines
10 Sep 2024 08:48 GMT
… will oversee the entire coal mining operations of the … includes tenures with Anglo American, Xstrata, and Glencore.
Indian Inc … appointment, David Stone, CEO – Coal Mines, Vedanta Aluminium, said, … cost reduction. The new coal mines will significantly reduce …
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Glencore ditches plan to spin off coal business after shareholders object
07 Aug 2024 06:31 GMT
… since it bought mining group Xstrata more than a decade ago … exited from thermal coal but still produces steelmaking coal, while Rio Tinto … escape scrutiny.
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Retaining its coal operations — and its cash flows …
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Glencore to clinch $6.9bn Canadian coal acquisition this week
08 Jul 2024 03:22 GMT
… acquisition of Canadian steel-making coal miner Elk Valley Resources … Resources enhances Glencore’s coal-mining business, including its … existing thermal and steel-making coal production” in South Africa … smelters after merging with Xstrata in 2013.
In the …
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Ottawa set to approve Glencore takeover of Teck’s coal business with stringent conditions
05 Jul 2024 01:03 GMT
… billion acquisition of the metallurgical coal business of Teck Resources … 77 per cent of its coal business to Glencore, after … next 10 years, the coal business must retain a Canadian … acquisition of fellow Swiss miner Xstrata PLC, which bought former Canadian …
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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 …