December 17, 2017

Glencore to reduce Australian coal exports by 15 million tonnes in 2015

Following our recent Australia wide coal production shutdown, we plan to reduce 2015 production by 15 million tonnes to more closely align our coal output with current customer demand.

Production initiatives will occur at a number of sites. These include some underground roster changes, the scaling back of some open pit mining activities and revisions to the product portfolio with the objective of tailoring both volumes and qualities to better match current market demand.

In addition to the direct operational changes we will defer some projects and ensure that inventory management and blending are optimised.

We will continue to review all our coal operations in the prevailing economic climate.

Regulatory approvals for projects will continue to be progressed to provide us with future optionality, but remain subject to final investment approval.


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