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.
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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.