Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list

Glencore 2016 coal production slumps 5% on year to 125 mil mt

Sugar | Coal | Thermal Coal | LNG | Crude Oil | Refined Products

Market Movers Asia, Oct 22-26: Gasoil hits record highs; fresh LNG cargoes to load from the Ichthys project


Platts Global Coal Alert

Commodities | Electric Power | Electric Power Risk | Renewables | Natural Gas | LNG | Natural Gas (North American) | Refined Products | Fuel Oil | International Public Finance

Caribbean Energy Conference

Biofuels | Coal | Electric Power | Oil | Metals | Petrochemicals | Shipping

Factbox: Record-low Rhine levels bring widespread disruption across energy and commodities

Glencore 2016 coal production slumps 5% on year to 125 mil mt

Diverse miner Glencore produced 124.9 million mt of coal during 2016,falling 5% year on year, primarily due to the divestment of Optimum Coal inSouth Africa, the company said Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The company said in its 2016 production report that South African exportthermal coal output for the year fell 13% from 2015 to 17.2 million mt, whiledomestic output from its mines in the country dropped 30% to 12.1 million mt. Glencore disposed of Optimum Coal to Tegeta Exploration & Resources inApril after having started business rescue proceedings in early August lastyear. It also closed some smaller mines in the country during the year.

Australian export thermal coal production for 2016 was steady on the yearat 52.5 million mt, while Australian domestic production climbed 44% to 5.6million mt, the miner said.

The miner attributed this to planned increases at the Mangoola, Rollestonand Ravensworth North mines and improved production at South Blakefield, whichhad experienced "geological challenges" in 2015.

Its Australian mines produced 10% less coking coal during the year at 5.3million mt due to geological issues at the Oaky Creek mine earlier in theyear, with semi-soft coal output up 17% on-year to 4.2 million mt.

In Colombia, heavy rainfall resulted in thermal coal production fromGlencore's Prodeco mine dropping 2% on-year to 17.3 million mt.

Its 33.3% pro-rata share of production from the Cerrejon mine for theyear was 10.7 million mt, 4% lower from 2015, also due to weather-relateddisruptions.

Glencore said it planned to produce around 135 million mt of coal in2017.

--Jacqueline Holman,

--Edited by Maurice Geller,