TechBloomberg Tech1h ago
Glencore Secures Approval for Key Australian Coal Mine Expansion
TL;DRAustralian regulators approved Glencore's coal mine expansion through 2045.
Why it matters: Signals continued fossil fuel investment despite climate commitments; impacts energy markets and climate policy debates.
Glencore Plc and Yancoal Australia Ltd. have received approval for a major expansion of their jointly owned coal mines in the Hunter Valley region of eastern Australia that enables operations to continue until 2045.
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