Ivan Glasenberg wanted to buy Canada’s Teck Resources to bulk up Glencore’s base metals and coal operations. His successor now is halfway there.
One of Australia’s largest coal exporters will spin off its coal mines and more than 10,000 local employees into a New York-listed company.
Glencore announced the “operational changes” on Wednesday,saying it had notified workers the underground work would close after 60 years.
A shareholder vote in Canada has the potential to reshape both the hottest sector of the resources sector and its coldest.
Mining giant Glencore is facing a showdown with more than a dozen large institutional shareholders who have thrown their weight behind a landmark climate resolution.
Glencore’s position hinges on uncertainty around the location of an 1826 massacre when a posse of mounted police and settlers killed up to 18 Indigenous people.
Australia’s largest coal miners are pushing back on a NSW government policy that will force them to set aside thousands of tonnes of coal for domestic power plants.
Mining giant Glencore and coal king Whitehaven post records as sales of the highly polluting fossil fuel soared in the energy crisis.
Sydney’s richest businessmen were on the hunt for a legendary cache of gold when things turned ugly.
There might be a reason that Sydney Airport board member Sir David Higgins is speaking out against high-speed rail.
Glencore’s announcement comes amid growing tension between coal exporters and the state government over the windfall coal royalty charges.