MANAGEMENT

Lower coal prices bite: Glencore

Its focus on metals and energy has again proved itself adept in a range of market conditions

Prices for coal from Glencore's Australian operations weighed down on its earnings result.

Prices for coal from Glencore's Australian operations weighed down on its earnings result. | Credits: Glencore

Its industrial assets' adjusted earnings before interest, tax, depreciation and amortisation came to US$7.4 billion for the half. Adjusted EBITDA mining margins were 25% in Glencore's metals operations...

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