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Tag: coal assets

Glencore foregoes coal spinoff

September 3, 2024September 3, 2024 NAM Staff

Glencore said it will not spin off its coal business after securing backing from the majority of its investors, according to Reuters. The miner had been debating on whether to keep the coal assets or spin them off after it purchased the majority of Teck Resources’ steelmaking coal business in July. Retaining the coal assets “offers the lowest risk pathway…

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The Headlinescoal assets, Glencore



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