assets in Colombia, the La Jagua and Calenturitas mines, owned by subsidiary Prodeco, have been on care and maintenance since March 2020 as they were no longer economical to operate. In a recent development, Colombia’s National Mining Agency (ANM) has accepted Prodeco’s previously-denied request to hand back its licences. The mines will remain on care and maintenance until the formal process of relinquishing the contracts is complete.
Coal in South Africa Glencore has been mining in South Africa since 1988 and has a strong presence in both the coal and ferroalloy sectors. The company operates four coal complexes and produces thermal coal for export and domestic power generation. These include the Goedgevonden Complex, a joint venture
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“Disposing of fossil fuel assets and making them someone else’s issue is not the solution and it won’t reduce absolute emissions”
with ARM Coal in which Glencore owns 74%, the iMpunzi Complex, a large export thermal coal mining operation located 110km east of Johannesburg, Izimbiwa Coal, owner of five mines near Middelburg and Kendal and the Tweefontein Complex, a thermal coal complex near Johannesburg.
Coal in Australia Glencore is one of Australia’s largest producers of coal for export, with 17 operational mines concentrated in two major coal regions, the Hunter Valley in New South Wales and the Bowen Basin in Queensland. The company operates a mixture of open cut and underground coal mines and in 2020 managed the production of about 100 million tonnes of saleable thermal and coking coal. Its NSW assets include mines at Bulga, Liddell,
