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2025-09-03 13:42
- The Australian government has approved an expansion of a Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) thermal coal mine, reigniting concerns among environmental groups.
- Glencore’s Ulan Coal Mines Pty was given the green light to mine an additional 18.8 million tons of coal and operate the mine for two more years until 2035.
- The coal mine already has existing approvals to mine up to 20 million tons of thermal coal each year.
- The Australian Greens have called approving coal mine extensions a ‘climate crime’, which would commit Australia to "providing the world with decades more coal power, which should be replaced with clean technology."
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