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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.

Lou Caruana
Glencore's Ulan thermal coal mine in NSW.

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.   Revenues for Glencore's...

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