14
Dec
03:42
Glencore scraps $1.37 billion Australian coal project
Global miner Glencore has abandoned plans to develop a AUD 2 billion ($1.37 billion) mixed coking and thermal coal mine in Australia’s Queensland state, given increased global uncertainty, Kallanish notes.
The firm says it has decided to withdraw the Valeria coal project from the current approvals process and will place the project under review.
It says this decision has been made in the current context of increased global uncertainty.
It is also consist…
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Very good overview of the weekly steel market.
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