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Glencore's Glasenberg believes in long term future for coal

There will be a growing demand for thermal coal as south east Asian economies keep growing and Indonesia redirects its coal exports for domestic use, according to Glencore CEO Ivan Glasenberg.

Glencore's Glasenberg believes in long term future for coal Glencore's Glasenberg believes in long term future for coal Glencore's Glasenberg believes in long term future for coal Glencore's Glasenberg believes in long term future for coal Glencore's Glasenberg believes in long term future for coal

Glencore CEO Ivan Glasenberg.

Glasenberg said on a conference call this week the company had no plans to quit the coal business despite agreeing to keep its coal production at 150 million tonnes a year to satisfy climate-focused