The Glencore CEO has a mix of copper mines, which everyone wants, and a giant coal business, which his peers have all scrambled to exit in recent years. Dumping the latter won’t be easy ...
Glencore abandoned a plan to spin off its coal business after shareholders encouraged it to keep mining the fossil fuel, in the latest signal that the finance world’s sustainable-investing craze ...
Swiss commodity trader Glencore Plc has abandoned plans to spin off its coal division due to the refusal of shareholders to support the deal nine months after announcing its exit from the profitable ...
Glencore has faced shareholder demands for greater disclosure on how pursuing new coal projects is aligned with global efforts to fight climate change.Credit: Nic Walker Combining parts or all of ...
A year earlier, Glencore tried to buy Teck Resources Ltd. but had to settle for the smaller company’s coal business ... Under UK takeover rules, making a statement about the deal would ...
Any deal would be complex and face multiple potential hurdles. Glencore’s massive coal business would be a stumbling block — and could be spun off, one of the people said — while the smaller ...
While Glencore has large copper assets at a time when the world’s biggest producers are all seeking to expand in the metal crucial to the energy transition, it also owns a massive coal business ...