Australia's largest coal miner Glencore will cap its global coal output at current levels in the wake of pressure from activist shareholders as part of a pivot towards minerals used in renewable technologies.
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| Glencore said it will not cap its global coal production. |
The miner announced on Wednesday night that, while it will continue mining thermal coal, which is used in power stations, and coking coal, which is used for making steel, it will limit production to current levels.
Read the story from The Age by Cole Latimer - “Australia’s biggest coal miner moves to cap global output.”
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