March 13 (Reuters) - Activist investor Tribeca

Investment Partners has called on Glencore ( GLCNF ) to shift its

primary listing from London to Sydney and abandon a plan to spin

off its profitable coal business, the Financial Times reported

on Wednesday.

Tribeca wrote to the Swiss commodity giant's board this week

with a list of proposals, including moving its listing to the

Australian Securities Exchange to boost its share price, which

it said had lagged behind its rivals, according to the report.

The Australian hedge fund also recommended increasing

dividends by discontinuing share buybacks and divesting a

minority stake in Glencore's ( GLCNF ) lucrative trading division via an

initial public offering instead of spinning off its coal

business, the FT said.

Glencore ( GLCNF ) declined to comment on the report.

Last year, after a Glencore ( GLCNF )-led consortium agreed to buy

Canadian miner Teck Resources' ( TECK ) steelmaking coal unit

in one of biggest deals in the sector in years, it paved the way

for an eventual spin-off of its own coal business.

Glencore ( GLCNF ) CEO Gary Nagle said in February that when they

announced the deal, their intention was to spin out the unit,

but it was always subject to what shareholders wanted.

"We will consult with our shareholders, and it's the

decision of the shareholders ultimately to do that," he had said

then.

(Reporting by Aatrayee Chatterjee and Richard Rohan Francis in

Bengaluru; Editing by Shounak Dasgupta and Shinjini Ganguli)