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Coal to remain Glencore strength into medium-term

Diversified miner and trader Glencore said it will close 12 coal mines by 2035 as it works towards achieving its carbon emissions reduction targets, although chief executive Gary Nagle said the fuel is a key part of the global decarbonisation process as “energy is needed today”.

Coal to remain Glencore strength into medium-term Coal to remain Glencore strength into medium-term Coal to remain Glencore strength into medium-term Coal to remain Glencore strength into medium-term Coal to remain Glencore strength into medium-term

Glencore's Cerrejon coal mine in La Guajira, Colombia

Glencore has a corporate goal to be net zero by 2050. In its 2019 baseline year, the company emitted 373Mt of CO2 equivalent. It targets a 15% reduction by 2026 and 50% by 2035.