Glencore puts Wandoan on ice THE parlous state of the thermal coal export market -- and a corporate dislike for spending on growth projects where returns are not assured -- has prompted the newly merged Glencore Xstrata to formally place its $7 billion Wandoan coal project in Queensland on ice. Wandoan was one of 10 greenfield projects that had been "deprioritised," Glencore Xstrata said last night at a London investor briefing.