Due to the strike, some parts of the Appin mine have been made non-operational.

For the first seven months of the year, the world's biggest coal importer saw arrivals of 261.18 million metric tons, up 88.6% from the same period in 2022.

Headline earnings, adjusting for non-recurring items, fell 38% yearly to $30 million.

At its own mines, Glencore said profit was hurt by lower prices for coal and cobalt in particular.

Research is to show that aligning power consumption with renewable power availability reduces the environmental impact of power generation and also improves the bottom line for mining companies. 

The company underlined its interest in a deal by holding back $2 billion for a potential purchase of Teck’s coal business.

One miner died and five were injured after an underground tremor in a mine at Bielszowice in southern Poland.

Torrential rains are dousing Chinese coal prices as power consumption drops in flood-hit cities and industrial areas.