Activist investor Bluebell sets out plan for new Glencore coal structure
Hedge fund’s letter comes as Glencore is poised to report bumper profits this week, partly fuelled by record coal prices
Source: businesslive.co.za
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Hedge fund’s letter comes as Glencore is poised to report bumper profits this week, partly fuelled by record coal prices
Despite the final communique of the COP26 climate change summit, coal mining companies are making a killing
After prices of the fuel surged.
The company on Tuesday said it completed the acquisition of the Cerrejon mine, at an estimated final cost of $230 million.
(Bloomberg) -- Glencore Plc’s purchase of a giant Colombian coal mine has essentially cost the trader and mining powerhouse much less than initially thought after prices of the fuel surged.