By David Winning
SYDNEY--Glencore PLC (GLEN.AU) said it would curb Australian
coal output and defer some new projects, in the latest response by
a major mining company to weak commodity prices and subdued
customer demand.
Glencore, which owns several large mines in eastern Australia's
Queensland and New South Wales states, said it would reduce its
Australian coal exports by 15 million metric tons this year.
"Production initiatives will occur at a number of sites,"
Glencore said in a statement. "These include some underground
roster changes, the scaling back of some open pit mining activities
and revisions to the product portfolio with the objective of
tailoring both volumes and qualities to better match current market
demand," the company said.
Glencore didn't say which of its mines would be affected.
-Write to David Winning at david.winning@wsj.com
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