JOHANNESBURG/ LONDON, Aug 7 (Reuters) - Glencore ( GLCNF )

will 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' ( TECK ) coking coal

assets, it said on Wednesday.

Lack of investment in new coal assets and a realisation that

the fuel will remain part of the global energy mix for years to

come is likely to underpin tight supplies and high prices which

investors expect will continue to boost Glencore's ( GLCNF ) profits.