Glencore to retain its coal and carbon steel materials business
Glencore’s consultation process to assess shareholder views regarding retaining or demerging its coal and carbon steel materials business has returned a result in favour of retention.
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Glencore has provided updates concerning its coal Industrial business and Marketing business.
Marubeni Corp. and Electric Power Development Co., Ltd will each fund AUS$10 million in Glencore’s CTSCo Carbon Capture and Storage Project in Queensland.
Glencore has welcomed the Australian government’s decision to award a total of up to AUS$35 million to its CTSCo Carbon Capture Use and Storage Project.
Cerrejón produced 23.4 million t of coal in 2021, representing an increase of 89% compared to 2020.
Glencore has advanced to the next stage in the New South Wales approval process for its Glendell Continued Operations Project.
Bis has signed a multi-year on-road haulage contract for Yancoal and Glencore’s Hunter Valley Operations at its Howick based processing facility.
Anglo American plc has announced the completion of the sale of its shareholding in the Cerrejón joint venture to Glencore plc.
Glencore is undertaking a range of studies related to the Valeria coal resource option in Queensland.
Glencore has recently showcased the Oaky Creek underground metallurgical coal mine’s automated longwall to the Federal Minister for Resources and Water.
