Skip to site menu Skip to page content

Glencore integrates Canadian mines into Australian-led coal division

The strategic move aims to enhance the management efficiency of its assets.

robertsailo May 30 2025

Swiss mining giant Glencore has announced the consolidation of its coal business, integrating its newly acquired Canadian mines into a single unit managed from Australia.

The strategic move aims to enhance the company’s management efficiency of its assets, according to a Reuters report.

The restructuring follows Glencore's acquisition of Teck Resources' steelmaking coal assets for $6.9bn.

Initially, the company considered spinning off its coal assets, but this plan was later shelved.

A Glencore spokesperson stated: “Combined with the acquisition of EVR, we commenced a process to restructure the coal business and align it with the management structure, given the coal industrial assets are managed out of Australia.”

Despite a decrease in production from 106.1 million tonnes (mt) in 2023 to 99.6mt in 2024, Glencore remains one of the top producers and exporters of thermal coal, with significant operations in South Africa.

The decision to reorganise the coal division under a unified Australian unit came after Glencore secured support from the majority of its investors, who continue to see value in the coal sector.

“We chose to complete the restructure despite the shareholder engagement resulting in a decision not to proceed with the spin-off," the spokesperson added.

In January 2025, Glencore signalled its willingness to pursue mergers and acquisitions that would benefit shareholders.

In February, two former executives from Glencore and Lundin Gold founded Moranda Metals, a private mining shell company based in Canada.

The newly formed company aims to acquire assets in base and precious metals, including gold, silver and copper, across the Americas, with plans to utilise $15bn in capital from private equity firms for these acquisitions.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close