2020-10-19ensp0183enspThe closures of the Middelkraal and South Witbank mines also contributed to lower output. Glencore was commenting in its interim production results ahead of its operating and financial figures due for release on August 24 in which production was down in five commodities including copper inc lead and oil as well as coal
Inquiry OnlineAllegiance Coal Ltd. finalied a five-year sales and marketing arrangement with M Resources Trading Pty. Ltd. for coking coal produced from the New Elk mine in Colorado. As part of the deal M Resources will provide up to US15 million of off-take financing to mitigate overseas customer credit risk and bridge the cash flow gap for Allegiance
Glencore is the largest coal miner in Australia the top exporter of the fuel and UniSupers move may hinder the companys plan to replace operations nearing retirement. Valeria is slated to produce about 4 of Australias thermal and metallurgical coal when it
Glencores South African thermal coal production came in at 21.6 million tonnes. The company indicated this was in line with the comparable period as stronger operating performances at Tweefontein and Goedgefonden were offset by planned smaller mine closures
Glencore said its ferroalloys and two of its coal operations remained on care and maintenance in South Africa where the nationwide lockdown has been extended to April 30
2016-8-11ensp0183enspGlencore Plcs production of copper coal and inc fell in the second quarter after the commodities trader closed mines in response to a rout in prices thats eroded profits
2014-5-22ensp0183enspThe underground mine which produced 2.75 million tons of thermal coal last year will reach the end of its life in the fourth quarter of 2015 Glencore said. Ahead of that development work at
Glencore the worlds biggest thermal coal producer had forecast that its global production would increase from last years 157 million tonnes to 168 million tonnes this year with Australian
2017-3-21ensp0183enspSeaborne thermal coal is more than a China story . expected to lead to further mine closures -100-80-60-40-20. 0. 20 . Mt Glencore best positioned for current and future markets Mt Seaborne thermal coal supply Glencore. Major 1. Major 2. Major 3. Major 4. Major 5. Major 6. Major 7. Major 8. Other. Source Glencore . 10 FOB thermal coal
Coal prices are expected to remain subdued for the rest of 2014 as demand remains sluggish coupled with an abundance in supply. BREE said some coal operations are unprofitable at this level and said cost-cutting in the form of mine closures or production slowdowns would become common
Glencore has announced it will be closing its Tahmoor underground coal mining operation
2020-1-16ensp0183enspChancellor Angela Merkel clinched a deal to kickstart Germanys stalled coal exit offering billions in compensation to utilities and affected regions so that closures of plants can start this year
A giant Glencore Plc coal project in Australia has been fast-tracked as the nation turns to its vast natural resources to lift the economy out of its first recession in almost three decades. The A1.5 billion 1 billion Valeria mine in Queensland has been designated a coordinated project which the state said Friday would help to get
The mine has been under care and maintenance since 2015 and with closures to its other mines in the area Wollongong Coal will be hoping that this project receives approval soon for a 2019 start up. Maxwell Malabar Coal. The Maxwell Project is an underground coal mining development. The project will create 350 new direct long term jobs for
Glencore Plc will close its Newlands underground coal mine in Australia in late 2015 opting not to extend the life of the mine amid a slump in coal prices the Swiss-based mining and commodities group said on Thursday. Newlands is the latest victim in a round of production cuts mine closures and project
2015-10-9ensp0183enspGlencore is the worlds biggest miner of the industrial metal. They are the latest in a string of mine closures for Glencore from coal to platinum deposits as sliding commodity prices make it
Glencore the worlds biggest thermal coal exporter with huge Australian operations has also seen its shares soar from around 70 pence early this year to nearly 2 pounds
2020-8-2ensp0183enspGlencore is working on plans to slash output from Australian coal mines in response to weak prices in a move that will reinforce the Swiss miners reputation as the most active manager of supply
Glencore has hinted at possible closures of more Hunter Valley coal mines and further cost cutting in Australia due to low prices. Glencoreglobal coal assets head Peter Freyberg was quoted by ABC as saying quotThe Hunter Valley region represents the single biggest part of our global coal portfolio employing over 3800 people
But shipments may taper off with the majority of Glencores temporary 2-3 week mine closures due to start on 25 September. Chinese mining firm Yancoal has maintained its coal production guidance for 2020 despite its Hunter Valley Operations HVO coal mining joint venture with Glencore closing for two weeks from 25 September
Glencore told investors earlier this week it would reduce Australian coal production by 7 million tonnes or 8 per cent in response. Glencore is the biggest thermal coal producer in the NSW
Glencores Australian coal boss Peter Freyberg has hinted that more of its Hunter Valley coal mines could close amid weak prices and has taken a swipe at the notion of taxpayer support for new
Glencore warns of more mine closures Leon Gettler 0 The worlds biggest commodity trader Glencore says its committed to Hunter Valley coal but has warned that future mine closures are on the cards as it continues to cut costs
2020-10-22ensp0183enspGlencore wants to keep its coal mines but run them down over time believing that this will be a better outcome for the climate than selling them to another operator or spinning them into a new
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