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Glencore rewards shareholders after coal-fuelled profits
Glencore rewards shareholders after coal-fuelled profits
Business and Economy
by  AFP

Swiss mining giant Glencore said Wednesday it would dish out $7.1 billion to shareholders after posting record profits driven by a surge in coal prices following Russia's invasion of Ukraine. But it was a surge in prices for fossil fuels, notably coal, that propelled profits at Glencore, which runs mines but also has a commodities trading unit.