A summary of Glencore's 2020 full-year production report for the coal sector, released on Wednesday February 3, 2021.
In brief In the second half of 2020, Glencore started various proactive market-related supply reductions in relation to coal production from Australia. The company has maintained its full-year 2021 guidance for coal production at 109-117 million tonnes, however, there will be cautious coal supply increases in Australia after market-driven reductions in the second half of 2020. Glencore's 2020 coal production declined by 24% year on year due to the impact of the Covid-19 pandemic after work was stopped or reduced in Colombia and South Africa, extended care and...