January 17, 2017 11:42 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Glencore Coal Pty Limited

Company Overview

Glencore Coal Pty Limited produces and exports thermal, coking, and semi-soft coal products. It produces coal used to make steel and other industrial applications; and exports seaborne thermal coal to generate electricity. Glencore Coal Pty Limited was formerly known as Xstrata Coal Pty Limited and changed its name to Glencore Coal Pty Limited in June 2013. The company was incorporated in 1998 and is based in Sydney, Australia with coal mines in Australia, South Africa, and Colombia; and exploration projects in British Columbia, Canada. Glencore Coal Pty Limited operates as a subsidiary of Glencore Plc.

Level 38

Gateway

1 Macquarie Place

Sydney, NSW 2000

Australia

Founded in 1998

Phone:

61 2 9253 6700

Fax:

61 2 9241 6898

Key Executives for Glencore Coal Pty Limited

Chief Operating Officer
Compensation as of Fiscal Year 2016.

Glencore Coal Pty Limited Key Developments

Glencore Cut 80 Jobs and Production from Its North Queensland Collinsville Coal Mine

Glencore announced it would cut 80 jobs and production from its north Queensland Collinsville coal mine. Glencore was exercising market discipline, cutting mining output, combining some of its NSW coal operations with Peabody's and putting its $7 billion Queensland Wandoan coal mine project on hold. The failures of the big miners' iron ore expansions was clear because "the numbers speak for themselves".

Xstrata Seeks Acquisitions

Glencore Coal Pty Limited (Xstrata) is looking for acquisition opportunities. Mick Davis, the former Chief Executive Officer of Xstrata has raised $ 5.6 billion for a new mining fund, X2 Resources, that is searching for acquisition opportunities.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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