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Glencore profits tumble on weaker coal prices

The mining and trading giant will still pay out another $2.2bn in 'top-up' shareholder returns
August 8, 2023
  • Profits come back down from the stratosphere as energy prices fall 
  • Investor payouts to continue with $2.2bn in special distributions

Glencore’s (GLEN) future as a coal-mining giant is up in the air thanks to its efforts to buy out Canadian miner Teck Resources (US:TECK) and then split up the combined entities' mines. 

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