Glencore Cuts Coal Target Again as Colombian Strike Hits Output
The Cerrejon coal mine in Barrancas, La Guajira, Colombia.
Photographer: Nicolo Filippo Rosso/BloombergThis article is for subscribers only.
Glencore Plc, the world’s biggest shipper of coal, reduced its production target for the third time this year as the company faces an extended strike at a key Colombian mine.
Glencore now expects to produce around 109 million tons of coal this year, compared with an earlier goal of about 114 million tons, the company said in a statement Friday.