Bulga

Glencore has hinted at possible closures of more Hunter Valley coal mines and further cost cutting in Australia due to low prices.

Glencoreglobal coal assets head Peter Freyberg was quoted by ABC as saying: "The Hunter Valley region represents the single biggest part of our global coal portfolio employing over 3,800 people.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

"Further, we won’t and can’t operate mines that don’t make a financial contribution."

In February, Glencore announced its plans to reduce production for the year by 15 million tonnes to align coal output with existing customer demand.

"We won’t and can’t operate mines that don’t make a financial contribution."

The company also proposed cuts in thermal coal production at various sites, by implementing underground roster changes, scaling back several open-pit operations and revising its product portfolio.

However, Freyberg said that the previously announced reduction may not be the final round.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Prices of the commodity, which are currently below $60 per tonne, continue to slide amid fall in demand from China.

The company exports more than 85% of its coal to global markets and the remainder to domestic customers in Australia and South Africa.

Glencore has interests in more than 30 open-cut and underground coal mines in Australia, South Africa and Colombia in addition to exploration projects in British Columbia, Canada.


Image: Glencore’s Bulga Coal Complex in Australia. Photo: © Glencore.

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now