Big Glencore shareholders want to keep coal

Big shareholders in Glencore want the company to retain its coal mines, pushing back against a strategic option floated by chief executive Gary Nagle to sell the Swiss group’s network of mines in NSW and Queensland.

Mr Nagle promised to survey Glencore shareholders on their appetite for a coal demerger after finalising the $US6.93 billion ($10.55 billion) acquisition of Teck Resources’ Canadian coal mines on July 11.