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Glencore releases Australian economic contribution report
posted: 26/06/2025

Media release

Glencore’s latest economic contribution report shows we spent $19.6 billion across our Australian operations last year.

As one of Australia’s largest producers of coal and critical minerals, Glencore operates 20 mines across Queensland, New South Wales, Northern Territory and Western Australia, as well as several metals processing facilities including concentrators, smelters and refineries. 

At a time of global uncertainty, high domestic energy costs and ongoing cost-of-living pressures, Australia’s resources sector continues to provide jobs, support communities and regional businesses and contribute significant taxes and royalties to federal, state and territory governments.

Glencore has been operating in Australia for decades and is proud that our business continues to make a significant contribution to the national economy.

The 2024 economic report highlights include:

  • Providing jobs for 17,420 employees and contractors
  • Spending $13.2 billion on goods and services
  • Working with 6,810 Australian-based businesses
  • Paying $2.5 billion in wages and salaries
  • Paying $3.6 billion in taxes, royalties, and rates to governments

“Glencore believes that mining matters for all Australians”, said Cass McCarthy, head of corporate affairs for Glencore in Australia. “We are proud of the contribution our business makes because directly and indirectly – mining helps the prosperity of all Australians”

“We want to thank our Australian workforce who are key to our success and our ability to make a positive difference across both metro and regional Australia”, said Ms McCarthy.

The wide variety of businesses that Glencore supports ranges 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 Northern Territory and Western Australia Goldfields we also make an important contribution in cities like Brisbane, Sydney, Perth and Darwin”, said Ms McCarthy.

For more information:

For further information, please contact:

Francis De Rosa
m: +61 417 074 751
e: Francis De Rosa

Agata Graham
m: +61 438 304 345
e: Agata Graham

Notes for editors

About Glencore in Australia 

In Australia, Glencore produces coal, zinc, nickel, cobalt, copper, lead and silver from 20 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 17,420 people in Australia and in 2024 contributed $19.6 billion to the regional, state and national economies. This included spend of $13.2 billion with 6,810 businesses across the country, as well as $3.6 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