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Australia extends sanctions on Glencore's thermal coal mine
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Release time：2025-09-05
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This approval allows for the additional extraction of 18.8 million tons of coal and extends mining operations until 2035.
According to Mining.com citing Bloomberg, the Australian government has approved an extension for Glencore's Ulan coal mine. This approval allows for an additional 18.8 million tons of coal to be mined and extends mining operations until 2035.
The report states that the extension of coal mining has sparked strong opposition from environmental organizations, highlighting the country's difficulties in balancing economic interests and climate commitments. This decision also underscores the conflicting priorities faced by Australian Prime Minister Anthony Albanese, who is pushing for Australia to reduce domestic emissions while also seeking to host the upcoming United Nations climate summit. Amanda McKenzie, CEO of the Climate Council, said, "Reducing climate pollution on one hand while approving new coal projects on the other is nonsensical." Members of the Australian Greens also opposed the extension.
Glencore insists that this extension is only a "minor change to the current mine plan," aimed at ensuring continued employment for its workers. The Australian Department of Environment and Water has yet to comment on the matter. Miners defend the quality of Australian coal, claiming it is cleaner than that of competitors like Indonesia, and express concerns that approval delays could threaten jobs and Australia's reputation as a reliable supplier. Australia is the world's second-largest exporter of thermal coal, with exports totaling 209 million tons last year. Thermal coal export revenue is expected to decline from AUD 32 billion (USD 29.9 billion) to about AUD 22 billion by June 2027, with export volumes also expected to decrease. Another report states that Glencore has initiated layoffs at its ferrochrome smelting and vanadium operations in Rustenburg, South Africa. The company noted that challenges such as power outages, rising electricity costs, and economic pressures have affected the viability of its joint venture with Merafe Resources.
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