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Glencore thermal coal earnings more than triple

EARNINGS from Glencore’s Australian thermal coal operations soared 309% in 2021 – making the company a global thermal coal behemoth.

Lou Caruana
Glencore’s production of thermal coal in 2021 actually declined 5% to 89.7 million tonnes while its coking coal production increased 20% to 9.1Mt.

Glencore’s production of thermal coal in 2021 actually declined 5% to 89.7 million tonnes while its coking coal production increased 20% to 9.1Mt.

Its thermal coal's adjusted earnings before interest, tax, depreciation and amortisation rose to US$3.2 billion, according to it full year financial report. Revenues from its Australian thermal coal...

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