Glencore shareholders get $4.5 bln windfall as coal prices soar

05.08.2022

Shareholders in Glencore, which owns and operates Kazakhstan’s combine Kazzinc, reaped a multi-billion dollar windfall on Thursday, as the company's adherence to thermal coal mining at a time of soaring prices of the material generated record profits for the mining and commodity trading group.

Unlike rivals which bowed to investor pressure...