Glencore expects to shut down 12 coal mines over the next 12 years even as the world’s largest mining company enjoys bumper profits because of high coal prices.
The Switzerland-based mining and trading house is among the world’s most profitable coal miners but said on Tuesday that it would accelerate the closure of several mines by 2035 in order to meet its emissions targets.
Glencore’s coal business is expected to generate about $16.7bn in earnings before interest, tax, depreciation and amortisation next year, more than half the company’s total.
您已阅读23%（550字），剩余77%（1885字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。