Glencore operations contribute $23.5 billion to Australia
Media statement
Sydney, Australia
Glencore’s latest economic contribution report shows its Australian operations directly contributed $23.5 billion to the national economy last year.
As the world moves towards a low-carbon economy, Glencore is focused on supporting the energy needs of today whilst also investing in our portfolio of transition-enabling commodities.
Glencore is one of Australia’s largest producers of coal, cobalt, zinc, lead, silver, copper and nickel. We operate 22 mines across Australia as well as several metals processing facilities including concentrators, smelters, and refineries.
The Australian mining sector continues to drive our national economic prosperity and Glencore is proud to be a part of that effort.
Glencore’s 2023 economic report highlights included:
- Providing jobs for 17,460 employees and contractors
- Spending $12.9 billion on goods and services
- Supporting 7,000 Australian-based businesses
- Paying $2.4 billion in wages and salaries
- Paying $8.2 billion in taxes, royalties and rates to federal, state, territory, and local governments
We particularly want to thank our Australian workforce who make a huge contribution to our success and our ability to make a positive difference across both metro and regional Australia.
We support Australian businesses, ranging from the local coffee shop to the country’s leading equipment and mining service providers.
While we make a significant economic contribution in places like the Hunter Valley, Mount Isa, Bowen Basin, Roper Gulf in the NT and WA Goldfields we also make an important contribution in cities like Brisbane and Darwin.
For more information:
- visit the Our contribution page on our website
- download the full report on Glencore's economic contribution in Australia in 2023 (PDF 5MB).
For further information, please contact:
Francis De Rosa
m: +61 417 074 751
e: Francis De Rosa
Emma Godfrey
m: +61 428 026 435
e: Emma Godfrey
Notes for editors
About Glencore Australia
In Australia, Glencore produces coal, zinc, nickel, cobalt, copper, lead and silver from 22 active mining operations. We also operate metals processing assets in Queensland, Western Australia and the Northern Territory, including concentrators, smelters and refineries.
We are among Australia’s largest producers and marketers of natural resources, connecting Australian resources with industrial customers around the world. Through our diverse portfolio, we responsibly supply the resources that advance everyday life.
We employ 17,460 people in Australia and in 2023 contributed almost $23.5 billion to the regional, state and national economies. This included spend of $12.9 billion with 7,000 businesses across the country, as well as $8.2 billion in government tax and royalty payments.
We are committed to providing a safe, inclusive and respectful workplace for our people, to respecting the environment, to engaging openly and constructively with the Traditional Owners on whose lands we operate and to bringing value to local communities.
We will support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a restated 2019 baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050, subject to a supportive policy environment.
Learn more about Glencore Australia.