Glencore Will Shut 3 Australian Coal Mines by 2023
The company said the reduction in coal exports from these mines will be partially offset by Wambo United, the company’s joint venture with Peabody Energy Corp., which is set to begin production in the fourth quarter of 2020. New South Wales-based Wambo United has an annual production capacity of 5 million mt.
The current approvals for Glencore’s Glendell mine in New South Wales also end in 2023, but the company is continuing with plans to extend mining through to 2044. The four mines produced a total of 13.1 million mt of coal in 2019, according to the company. (NYSE).