New acquisitions kick in for Glencore

GLENCORE coal production for the six months to June 2019 was up 10% on the first half of 2018 to 68.2 million tonnes, reflecting the contribution of the interests in Hunter Valley Operations and Hail Creek it acquired during 2018.
New acquisitions kick in for Glencore New acquisitions kick in for Glencore New acquisitions kick in for Glencore New acquisitions kick in for Glencore New acquisitions kick in for Glencore

Glencore's Hail Creek mine in Queensland.

Australian coking coal production of 4.3Mt for the half year was 900,000t higher than H1 2018, aided by the ramp up of production at its Collinsville mine in Queensland.

The company's interest in Hail Creek, which it acquired in August 2018, was another contributing factor to the 26% rise in coking coal production.

Australian thermal and semi-soft production of 38.3Mt was 8% higher than H1 2018, mainly reflecting the additional tonnes from its share of the HVO complex in New South Wales' Hunter Valley.

The company slashed the production of thermal coal for use in Australia 13% to 4Mt in the half year.