Glencore could buy more steelmaking coal assets at right price

LONDON (Reuters) - Glencore could consider buying more steelmaking coal assets at right price, good quality and in the right location, the London-listed miner's Chief Executive Gary Nagle said in a briefing on Wednesday.

Glencore also said on Wednesday it would not spin off its coal business after securing backing from the majority of its investors who see lucrative earnings from the fossil fuel after the commodities giant's recent acquisition of Teck Resources' coking coal assets.

(Reporting by Pratima Desai and Felix Njini; editing by David Evans)