At Australia mine, Glencore balances Bnz online login reforestation drive, coal profit

By Praveen Menon
HUNTER VALLEY, Australia (Reuters) – At Glencore’s aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields, aiming to burnish the company’s environmental credentials with climate activists and shareholders who want it to back away from coal.
But just hundreds of metres away, active mines still churn out nearly 7 million tonnes of coal a year, and are due to keep producing for 15 more years, as they fuel the company’s profits from surging coal prices.