Glencore statement on Glendell Continued Operations Project referral

Media statement
Sydney, Australia

Glencore has advanced to the next stage in the New South Wales approval process for our Glendell Continued Operations Project following recommendation from the New South Wales Department of Planning, Industry and the Environment (DPIE) that the project should proceed.

A final determination on the project will now be made by the New South Wales Independent Planning Commission (IPC) following its assessment process that will include a public hearing. A date for this hearing is yet to be set.

The Glendell project proposes to continue mining for a further 21 years beyond current approvals. This will:

• provide employment opportunities for up to 690 personnel and create a further 350 construction jobs
• maintain support of more than 380 businesses with whom Glendell spent almost $120 million in 2020
• add $282 million in royalties (in net present value terms) that help the New South Wales Government continue to pay the wages of nurses, teachers and police, and to build much-needed infrastructure.

Glencore has invested more than $15 million in developing the project and over the past five years we have engaged with a wide range of stakeholders on different aspects of the project including Singleton Council, government agencies, Registered Aboriginal Parties, near neighbours, and the communities of Singleton and Broke.

For further information, please contact:

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

Allyn Hamonet
m: +61 418 228 075
e: Allyn Hamonet

Notes for editors

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsible-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 30 marketing offices. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 135,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050.

Visit Glencore's website to find out more.

About Glencore Australia

In Australia, Glencore produces coal, copper, cobalt, nickel, zinc, lead, silver and gold from 26 mining operations. We also operate metals processing assets in Queensland, New South Wales, Western Australia and the Northern Territory, including metals smelters, concentrators 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 17,690 people in Australia and in 2020 contributed over $13.8 billion to the regional, state and national economies. This included spend of $9.5 billion with 7,890 businesses across the country, as well as $2.1 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.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021 we increased our medium-term emission reduction target to a 50% reduction by 2035 and introduced a new short-term target of a 15% reduction by 2026.

About Glencore's coal business in Australia

Glencore is one of Australia's largest coal producers with 17 operational mines across New South Wales and Queensland.

We provide employment for almost 10,000 Australians and in 2020 managed the production of about 99 million tonnes of thermal and coking coal, predominantly for export.

We have a strong safety and environmental performance and play an active role in the development of low emission coal technology.

Learn more about our coal business in Australia.