MANAGEMENT

Glencore becomes coal behemoth with US$12.6B earnings

A STRATEGIC decision Glencore took to expand its coal mining assets in a market downturn have paid off for the Swiss-based miner with half yearly earnings for its energy division rising 543% to US$12.6 billion.

Glencore faith in coal has paid off with a bumper half yearly result.

Glencore faith in coal has paid off with a bumper half yearly result.

Glencore reported margins of 66% for its Australian thermal coal operations delivering it adjusted earnings before interest tax, depreciation and amortisation for the six months to June of $5 billion on...

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