Ogies, Mpumalanga (miningweekly.com) – Mining and marketing giant Glencore sees a slight undersupply of coal on the horizon.
Speaking on video to Creamer Media’s senior staff writer Zandile Mavuso at Glencore’s donation of a new R75-million state-of-the-art school to South Africa’s Department of Basic Education, Glencore CEO Ivan Glasenberg outlined higher expected future demand for seaborne coal, owing to the world’s biggest coal exporter Indonesia absorbing a large volume of previously exported coal for its own new coal-fired power stations and India, China and Korea also requiring coal for new thermal stations.
