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Swiss Glencore forecasts growth in coal production in the third quarter

Merafe Resources and Glencore announced production results for the third quarter of this year.

Swiss Glencore forecasts growth in coal production in the third quarter

Glencore, the Swiss international commodity producer and trader, which owns a chrome joint venture with South African company Merafe Resources, announced its production results for the third quarter of this year.

In the third quarter, Glencore's 79.5% share in total ferrochrome production decreased by 21.3% y-o-y to 873 thousand tonnes.

The company's coal production in the period was 83.9 million tonnes, up 2.4% y-o-y. Especially in the third quarter, Glencore coking coal production decreased by 16.1% y-o-y to 5.2 million tonnes.

The company announced that its coal production forecast for 2023 remains unchanged at approximately 110 million tonnes.

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