Xstrata coal to acquire sukunka hard coking coal deposit. Xstrata coal qld coo reinhold schmidt labelled the decision a recognition of the miners commitment to environmental management. Learn about working at xstrata coal canada limited. This page was last edited on 15 january 2020, at 15. Xstrata approves ravensworth north coal project in australia.
Glencore xstrata scraps qld coal terminal newscomau. May, 20 xstrata coal had been planning a coal export terminal development with a capacity to ship 35 million tonnes per year at balaclava island, 40km north of gladstone. Xstrata coal queensland meets legislative requirements by regularly replicating 20 gb of sharepoint data from primary farm to six dispersed farms throughout queensland with. It is operated by xstrata coal, tweefontein collieries division. Xstrata, glencore agree to terms on merger the globe and. Glencore xstrata has started cutting back coking coal production in australia and will focus more on its thermal coal mines, in a sign that the rush to. This is printed matter for a launch event for the opening of a new coal mine for xstrata coal situated in new south wales, australia. View realtime stock prices and stock quotes for a full financial overview. Xstrata and chugoku electric of japan closed a deal on friday for the fiscal year starting april 1 with the londonlisted miner supplying thermal coal, used to. Xstrata coal will restructure its australian operations and cut about 600 jobs as its margins get squeezed by low coal prices, high costs and a strong australian dollar. Xstrata is in takeover talks with macarthur coal after approaching the miner about a possible bid, a person familiar with the situation said today. It had operations in 19 countries across africa, asia.
Were closely monitoring developments relating to covid19 and our key priority is to protect the health and safety of. Xstrata coal had been planning a coal export terminal development with a capacity to ship 35 million tonnes per year at balaclava island, 40km north of gladstone. Connect with xstrata coal nsw pty ltd at hunter street, newcastle, nsw. Xstrata wins approval for biggest australian coal mine. It was a major producer of coal and the worlds largest exporter of thermal coal, copper, nickel, primary vanadium and zinc and the worlds largest producer of ferrochrome. The current company was created through a merger of glencore with xstrata on 2 may 20. The company has grown its export production by 28 per cent from 2007 to 2011 and has committed to substantially developing new export production capacity during the last three years. As of 2015, it ranked tenth in the fortune global 500 list of the worlds largest companies as glencore international, the. See who you know at xstrata coal canada limited, leverage your professional network, and get hired. Xstrata coal and jx nippon create canadian met coal jv. The mine was called mangoola an aboriginal word meaning black cockatoo, a native australian bird.
Huge glencore xstrata payments create a sense of deja vu. Glencore xstrata takes writedown after merger the new. Xstrata coal has agreed to acquire the sukunka hard coking coal deposit. Xstrata coal s head office is based in sydney nsw but they operate globally. Glencore international, the swiss commodities trader, announced on thursday that its merger with the mining giant xstrata was complete and that shares in the newly combined company, called glencore xstrata, would start trading in london on friday. Xstrata a dragline at an xstrata coal mine in australia. Xstrata coal nsw how is xstrata coal nsw abbreviated. Xstrata coal nsw optimize coal blending and logistics dassault. Xstrata coal queensland pty ltd in brisbane, qld, mining. June 5, 2012 0 comment workers used hands to rescue nsw miner.
Glencore plc is a british multinational commodity trading and mining company with. Cline mining corporation cline mining or the company tsx. Abc public radio report said, glencores history reads like a spy novel. As well as the handsomely rewarded mick davis, the new mining firm is shedding almost all of xstratas senior staff published.
Lossan has an ni 43101 compliant resource of 240 million metric tons mt, with 186 million mt being in the. Glencore plc is a british multinational commodity trading and mining company with headquarters in baar, switzerland, and its registered office in saint helier, jersey. See who you know at glencore coal, leverage your professional network, and get hired. Xstrata coal nsw pty ltd hunter street, newcastle, nsw. Dalmia challenged the measure of damages as claimed by xstrata. Mining giant glencore still suffering from major gamble on. Xstrata coal queensland pty ltd in brisbane, qld, 4000. Glencore completes deal for xstrata the new york times. The inspiration came from the black feathers of the bird and the layering of feathers and an opencut coal mine. Glencore xstrata is one of the worlds largest global diversified natural resource companies and is one of the biggest companies within the ftse. Due to weak global prices for the assets glencore owned, particularly coal and.
By continuing to browse the site you are agreeing to our use of cookies. However the decision was roundly commended by the greens. Xstrata coal pty ltds response to the australian competition. Glencore xstrata is one of the worlds largest global diversified natural resource companies and is. Sourcewatch is a project of the center for media and democracy cmd. Goedgevonden colliery south africa is located at mpumalanga, south africa. Xstrata has been building its presence in the peace river coalfield in northern british columbia, acquiring first coal in august, the lossan deposit in october and the sukunka coal deposit last week. The lossan project, together with surrounding ground was renamed the suska project.
Mar 28, 2012 xstrata coal qld coo reinhold schmidt labelled the decision a recognition of the miners commitment to environmental management. Xstrata is set to resume operations at its blakefield south coal mine after it shut down the underground mine due to a fire last year. In 20, xstrata coal merged with glencore international to form glencore xstrata. Employing more than 17,000 people including contractors with the majority working in australia. Oct 09, 2015 in effect, glencores takeover of xstrata amounted to an enormous, unhedged bet on metal prices the complete opposite of what a good trader normally does. Content is available under creative commons attributionnoncommercialsharealike. Xstrata wandoan coal mine gets the greenlight australian. Xstrata manages over 100 million tonnes of coal per year, most of which is exported. Glencore xstrata mining currently has 25 african mining projects listed on africa mining iq, with a combined value exceeding r 415 billion africa mining iq monitors these operations through an extensive mining project database that is updated daily, including key contact information for mine owners that enables 247 access to reliable, verified mining information.
The merger has been on the cards for years and, in february 2012, glencore finally launched its bid to acquire the 66% stake in xstrata which it does not already own. Glcnf complete glencore xstrata plc stock news by marketwatch. Xstrata has been included on the dow jones sustainability index since 2006. London one of the worlds largest deals in recent years has finally reached the finishing line. Xstrata has been building its presence in the peace river coalfield in northern british columbia, acquiring first coal in august, the lossan. Xstrata coal marketing ag vs dalmia bharat cement ltd on. Glencore plc is a britishswiss multinational commodity trading and mining company with headquarters in baar, switzerland, and its registered office in saint helier, jersey. Xstrata coal, located at 2 plot road, waaikraal 396jq, brits. May 02, 20 london one of the worlds largest deals in recent years has finally reached the finishing line. The sukunka coal deposit, acquired from calgarybased talisman energy in march 2012, is contiguous with the lossan property, and has an estimated resource of 236 million tonnes. Oct 03, 2012 glencore xstrata international as managers hope to call it would be the worlds number one producer of zinc and lead and the worlds biggest exporter of coal. European commission press release details page european commission press release brussels, 22 november 2012 the european commission has cleared under the eu merger regulation the proposed acquisition of xstrata, the worlds fifth largest metals and mining group, by glencore, the worlds leading metals and thermal coal trader.
Aug 20, 20 xstrata a dragline at an xstrata coal mine in australia. Sukunka is located in the peace river coalfield of northern british columbia, contiguous with first coal corporation and lossan tenements acquired by xstrata coal in august and. Glencore 6 days from the copper that helps keep us connected to our loved ones, to the energy products keeping the lights on in our homes and hospitals, the commodities we source advance and maintain everyday life, even during these challenging times. Glencore generic induction qld ggi oaky creek coal complex 11052020 seats left. Xstrata coal began work on prefeasibility studies, and conducted an initial drilling program consisting of 70 exploration holes and 12 groundwater monitoring wells. Xstrata has borne the brunt of the cuts, as mr glasenberg, a former coal trader, whipped the mining company into something more akin to his tastes. Presentation for financial results ended march 2014. The lossan deposit is located in the peace river coalfield of northeastern british columbia, and is surrounded by a group of licenses recently acquired by xstrata coal through the acquisition of first coal corp. Glencore plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The fishing musicians you tube channel 26,874 views 53. Click on a branch below to see useful data including bbbee information, uptodate contact details, branch details, gps details and much more, all in one easytouse company profile. Xstrata, glencore agree to terms on merger the globe and mail. Xstrata coal nsw optimise coal blending and logistics.
Finally, xstrata also acquired first coal corporations assets, which represented over 100,000 ha of contiguous coal licenses and applications. The simple, powerful, streamlined tool that gives you a single point of control to keep all your business details uptodate. Xstrata plc was an angloswiss multinational mining company headquartered in zug, switzerland and with its registered office in london, united kingdom. Xstrata zinc brunswick mine, bathurst,new brunswickend of an era documentary by glen ferguson duration. Xstrata coal marketing ag vs dalmia bharat cement ltd on 7. The suska project includes the lossan deposit that xstrata acquired from cline mining and the assets of first coal corp. Cmk is pleased to announce that xstrata coal has agreed to acquire 100% of the companys metallurgical coal deposit within cline.
Branches of xstrata south africa pty ltd on m2north. Xstrata also hopes to begin producing up to 20 million tonnes of coal annually from 2015 at its rolleston mine. Xstrata mining jobs employment tips on where to find a job in mining with xstrata. The suttor creek black coal mine is situated 19 kilometres from the mining town of glenden and 850 kilometres from brisbane in queensland. In effect, glencores takeover of xstrata amounted to an enormous, unhedged bet on metal prices the complete opposite of what a good trader normally does.
It had operations in 19 countries across africa, asia, australasia. The mine is part of the newlands nca joint venture that consists of xstrata coal queensland, itochu coal resources australia, sumisho coal australia and icra nca pty ltd. Todays smallcap stocks to watch the globe and mail. Glcnf stock price glencore xstrata plc stock quote u. Xstrata coal south africa goedgevonden complex, emalahleni. Glencore xstrata international as managers hope to call it would be the worlds number one producer of zinc and lead and the worlds biggest exporter of coal.
Xstrata to expand coking coal operations financial times. May 18, 2011 xstrata also hopes to begin producing up to 20 million tonnes of coal annually from 2015 at its rolleston mine. Xstrata coal produces over 100 million tonnes of coal annually and employs more than 17,000 people across the globe. Xstrata agrees record thermal coal contract financial times.
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