Glencore To Announce Future of Coal Mining Business Next Week

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Glencore Plc Nouvelles

Bloomberg,Coal Business,Teck Resources

(Bloomberg) -- Glencore Plc said it will announce whether it plans to spin off its coal business at its results next week, after completing the purchase of...

-- Glencore Plc said it will announce whether it plans to spin off its coal business at its results next week, after completing the purchase of Teck Resources Ltd.’s coal mines earlier this month.The coal business is one of Glencore’s most profitable units, driving record returns in recent years, and the plan to exit the fossil fuel and list a new company in New York represented a major strategic pivot under current boss Gary Nagle.

Today at the Olympics: Tuesday’s schedule as Simone Biles goes for gold and swimming continues at Paris 2024 Landslides in southern India caused by monsoon rains on Tuesday killed at least 36 people, while hundreds were believed to be trapped under the rubble, according to the local authorities. While monsoon rains occur frequently throught the summer months and are vital for agriculture and replenishing water supplies, they also cause destruction in the form of floods and landslides, which experts say have increased in recent years due to climate change.

 

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