Coal remains king for Glencore as shareholders resist activist pressure
Former Glencore boss says there is no environmental benefit from shareholders pushing miners to sell
Source: telegraph.co.uk
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Former Glencore boss says there is no environmental benefit from shareholders pushing miners to sell
Glencore is the world’s biggest exporter of thermal coal
Bluebell Capital Partners has called on mining giant Glencore to separate its thermal coal business as it has become a barrier to investment.
Glencore is the world’s biggest thermal-coal shipper and its billionaire former boss Ivan Glasenberg has been a firm advocate of the business.
Company’s continued focus on fossil fuel is a barrier to investment, Bluebell says in letter to management