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Wesfarmers Ltd. (WES.AU) said it was considering expanding its Australian coal port capacity at a time when many others are auctioning off assets in response to falling coal prices.Australian coal company earnings have been hurt by lower prices and rising production costs in recent months, leaving some miners grappling with long-term port deals signed to lock in space at export terminals when coal prices were high.Miners such as Glencore Xstrata PLC (GLEN.LN) and Yancoal Australia Ltd. (YAL.AU) are putting excess port capacity on the block, signaling a lack of confidence that coal prices will rebound soon."There may be some aggregation opportunities," Richard Goyder, managing director of Wesfarmers, said in an interview Tuesday. "Coal is going to be an important part of the future of energy at least for some decades."The Australian conglomerate owns the Curragh coal mine in resource-rich Queensland state and a 40% interest in the Bengalla joint venture in New South Wales, as well as su...
Mining and commodities trading giant Glencore Xstrata PLC (GLEN.LN), said Thursday that following shareholders vote against the re-election of former chairman John B...
Glencore Xstrata PLC (GLEN.LN) has appointed the former BP PLC (BP) chief executive Tony Hayward as its interim chairman after shareholders voted against the electio...
The former chief executive of BP PLC (BP), Tony Hayward, is to become the interim chairman of commodities trader Glencore Xstrata PLC (GLEN.LN), the Financial Times ...
ZUG, Switzerland (Reuters) - Miner and trader Glencore Xstrata said on Thursday it was considering listing on the Swiss stock exchange, in addition to its existing l...
LONDON/ZUG, Switzerland, May 16 (Reuters) - Glencore Xstrata Chairman John Bond surprised investors on Thursday by announcing he had been voted out of the top job at...
Glencore Xstrata PLC (GLEN.LN), the producer and marketer of commodities, Thursday announced that Sir Steve Robson has resigned with immediate effect.MAIN FACTS:-Acc...
Colombia, one of the top coal exporters in the world, suffered a drop in coal production in the first three months of the year as a result of a labor strike and envi...
Mining investments in Peru increased 23% in the first quarter compared to the same period last year as companies advance projects that are expected to boost the coun...
Australia's economy is increasingly responding to more than a year of central bank rate cuts aimed at preparing the country for the end of a mining boom that's helpe...
Commodities titan Glencore Xstrata PLC (GLEN.LN) said Monday the company performed well across most of its divisions in the first quarter, with its marketing arm ope...
Glencore Xstrata PLC (GLEN.LN) Monday said it would abandon plans for a new coal shipping facility in Queensland state, a move that reflects sustained weakness in Au...
Workers at Australia's biggest coal export facility will strike next Wednesday, a local union said Friday, as a dispute over working conditions escalates.The Maritim...
Marxist rebels are suspected of using explosives to blow up the rail line of Cerrejon, Colombia's biggest coal exporter, but damage was minimal and operations were v...
Commodities titan Glencore Xstrata PLC (GLNCY, GLEN.LN) is set to appoint Andrew Caplan as the new head of it aluminum division following the departure of veteran Ga...
Mining and commodities-trading giant Glencore Xstrata PLC (GLEN.LN), Thursday enounced the launch and pricing of a dollar denominated issue of notes in a $5 billion ...
Australian farmers have written to the government demanding the sale of some GrainCorp Ltd. (GNC.AU) assets as a condition to its takeover by Archer Daniels Midland ...
Glencore Xstrata PLC's (GLEN.LN) head of aluminum, Gary Fegel, plans to leave the company, Reuters reported Tuesday, citing three sources.The specific timing of his ...
Glencore Xstrata's head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant Glen...
Mining company Glencore Xstrata PLC (GLEN.LN) said Thursday that shareholders voted against the appointment of John Bond as chairman by 80.85% of votes at the AGM.MA...
