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City of London

Glencore Gets Rich on Coal, But Questions Persist Over Exit Plan

Some investors want more detail about the plan to wind down coal mines.

Aerial Views Of Newcastle Coal Industry And Glencore Plc Coal Operations

Glencore Plc is getting rich on coal. The company is on course for another year of bumper profits, its shares just hit a record high — a feat that looked unlikely for most of the last decade — and investors are set for a windfall of returns.

But some of them are now asking exactly how it’s all going to end.