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Glencore hands Prodeco back to Colombia

Glencore’s Colombian thermal coal subsidiary, Prodeco has announced it will return its mining contracts to Colombia as it seeks to exit the business. The mines will remain on care and maintenance until the formal process of relinquishing the contracts is complete.

Paul Harris in Medellin, Colombia
 Prodeco's coal operations in Colombia

Prodeco's coal operations in Colombia

Glencore announced at the 2020 FT Commodities Global Summit its intention to make a "managed transition" out of coal to adapt its business to the Paris Agreement climate goals and that it would not look...

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