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Glencore has shelved plans to spin off its coal unit to keep reaping profits from the dirtiest fossil fuel.

Coal is cash, but not even activists wanted Glencore to exit its dirty business

Glencore has scrapped plans to spin off its coal business, with an unlikely coalition of investors and activists all opposed to the plan.

  • Stephen Bartholomeusz

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A Glencore merger with Rio Tinto would produce a company with market leading positions in iron ore, copper, nickel, zinc and coal.

Glencore dumps plan to quit coal as investor demands shift

Australia’s biggest coal exporter says more than two-thirds of its shareholders want the company to hold on to its coal mines.

  • Nick Toscano
The north and south Hunter Valley Operations mines, as seen from above. GIF.

‘Largest coal mining proposal’ in state’s history floated for NSW

The Environment Protection Authority has warned that the rest of the NSW economy would have to make steeper cuts to greenhouse gas emissions to compensate if the proposal to continue Hunter Valley Operations goes ahead in its current form.

  • Caitlin Fitzsimmons
BHP’s offer has been described as opportunistic but if that were the case, it would be because Anglo has provided that opportunity.

BHP’s $60b bid forces Anglo American to confront its own shortcomings

Whether successful or not, the Australian mining giant’s offer puts pressure on Anglo’s board and management to consider significant changes to its business.

  • Stephen Bartholomeusz
Teck announced its plan to spin out its coal business from its copper and zinc operations in February.

Doing things by halves: Glencore’s $10.6b plan to shake up the mining world

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.

  • Stephen Bartholomeusz
Glencore has reiterated plans to demerge its global coal unit and spin off within two years.

Glencore gears up for demerger with $10.6 billion Canada coal deal

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.

  • Simon Johanson
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Paul Dynes (inset) and the yacht Himalayan Women.

Back on board: Melbourne’s lewd yachties face fresh bawdy boat vote

The Mornington Yacht Club has still not quelled mutiny over offensive boat names.

  • Noel Towell and Kishor Napier-Raman
Lead and copper smelters dominate the skyline of Mount Isa.

‘A fight for Mount Isa’: 1200 jobs under cloud with Qld mines to close

Glencore announced the “operational changes” on Wednesday, saying it had notified workers the underground work would close after 60 years.

  • Matt Dennien
Glencore’s Gary Nagle; Nagle took over in mid-2021.

Gatecrashed: The $35b decision that could shake up the mining world

A shareholder vote in Canada has the potential to reshape both the hottest sector of the resources sector and its coldest.

  • Stephen Bartholomeusz
Institutional shareholders have thrown their weight behind a landmark climate resolution seeking greater disclosure from Glencore.

‘Cat and mouse’: Australia’s biggest coal miner faces investor revolt over climate stance

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.

  • Simon Johanson and Nick Toscano

Original URL: https://www.watoday.com.au/topic/glencore-1n4w