Glencore is undertaking a range of studies related to the Valeria coal resource option in Queensland.
These studies and assessments will support the state and federal approvals process for the project, which is still yet to reach a final investment decision.
The development of any coal project, including Valeria, will take into account Glencore’s climate change strategy and stated emission reduction targets.
Glencore has committed to reducing emissions by 15% by 2026, 50% by 2035 and an ambition of being a net zero total emissions business by 2050.
In Australia, its Liddell, Integra and Newlands mines will be closed and rehabilitated within the next five years, and the majority of the company’s coal assets in Colombia and South Africa will come to the end of their economic lives in the early 2030s.
Read the article online at: https://www.worldcoal.com/coal/06012022/glencore-updates-on-valeria-coal-resource-option/
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