Top Glencore shareholders favor keeping coal over spinoff
The world’s largest shipper of thermal coal had said it intended to spin the business off within two years of closing a deal to buy Teck Resources' steelmaking coal assets.
The company said its patented process converts coal and coal-related mining waste into high-quality, affordable carbon nanosheets — also known as graphene.
The planned investment, a tenfold increase on the $271 million pledged in the same period last year, dwarfs that of its closest rival, the United Arab Emirates,