Tag: Closure
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Australia: Glencore’s temporary shutdown outs 7 mn t of coal production offline
According to market sources, mining giant Glencore has decided to temporarily shut down several coal mines in Australia during Sep-Oct’20 amid dwindling coal demand triggered by COVID-19 pandemic and import restrictions by its key buyer – China. Chinese commerce ministry has delayed issuing import licences for Australian coal amid worsening trade relations between the two…