According to data from ship-tracking firm Kpler, the United States exported more than 32.5 million metric tons of thermal coal in 2023, reported Reuters. The total volumes were the highest since 2018, and were worth more than $5 billion. Full story.
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Canadian miner Teck Resources has rejected an unsolicited $22.5 billion offer from Glencore, citing reluctance to expose its shareholders a large thermal coal business, an unwanted oil trading business and significant jurisdictional risk, reported Reuters. Glencore’s proposal was to merge with Teck and to simultaneously demerge their combined metals and coal businesses to create MetalsCo and CoalCo. The remaining company…
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