ABU DHABI/WAM Under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, …
Read More »Glencore doubles down on coal as rivals head for exit
Bloomberg Glencore Plc is doubling down on coal, even as rivals BHP Billiton Ltd. and Rio Tinto Group move away from the world’s dirtiest fossil fuel. The company, run by former coal trader Ivan Glasenberg, made a surprise eleventh-hour $3.5 billion bid for a huge patch of thermal coal-rich ground on Australia’s east coast controlled by Rio Tinto Group and …
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