Glencore's Aussie thermal coal's earnings top US$3B

EARNINGS from Glencore’s Australian thermal coal operations soared 60% in 2018, delivering the company US$3.2 billion as the company pledged not to increase total global production beyond its current 145 million tonnes level.

sponsored-logo
Glencore's Aussie thermal coal's earnings top US$3B Glencore's Aussie thermal coal's earnings top US$3B Glencore's Aussie thermal coal's earnings top US$3B Glencore's Aussie thermal coal's earnings top US$3B Glencore's Aussie thermal coal's earnings top US$3B

Glencore's Ulan thermal coal mine in NSW.

The earnings before interest tax depreciation and amortisation figure dwarfs that of the company's coking coal operations, which was 24% higher for the year at $673 million.