MELBOURNE, Dec 8 (Reuters) – Glencore (GLEN.L) has shelved development of a A$2 billion ($1.3 billion) coal mine in Australia’s Queensland state amid global uncertainties and an increase in government license fees that have damaged investor confidence, it said on Thursday.
The miner was in a permitting process for the Valeria mine in the Bowen Basin, which would have produced up to 20 million tonnes of thermal and metallurgical coal annually, and was part of a package he was getting from Rio Tinto Ltd (RIO.AX)…
