(Bloomberg) — Glencore Plc has abandoned plans to spin off its coal unit just nine months after saying it would exit the profitable but polluting business, following discussions with its shareholders ...

Glencore chief executive Gary Nagle said ... than the Teck proposed transaction,” he said of Mr Price’s plan. “There is no intercompany arrangements ... they will be two truly stand-alone ...

Mining giant Glencore has said it is no longer going to get rid of its coal ... with the US Department of Justice began their work in mid-2023. We have dedicated substantial effort and resources ...

(Bloomberg) — Glencore Plc has abandoned plans to spin off its coal unit just nine months after saying it would exit the profitable but polluting business, following discussions with its ...

If Glencore had gone ahead with its plan, many investors — including no. 4 shareholder BlackRock — would have seen their exposure to the profitable coal business cut off because of policies ...