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Glencore’s McArthur River Mine reports an economic contribution of $477 million

Media statement
Darwin, Australia
28 July 2022

 

Glencore has released its annual economic contribution report compiled by Ernst & Young, which shows our McArthur River Mine (MRM) made an economic contribution of $477 million in 2021.

The zinc, lead and silver mine provided work for 1,060 people and supported 1,010 suppliers, helping to provide further jobs and economic growth in the Roper Gulf region.

Located 700 kilometres south-east of Darwin and 65 kilometres from the township of Borroloola, Glencore mines and processes zinc, lead and silver concentrates on site before they are exported to customers overseas from the Bing Bong loading facility in the Gulf of Carpentaria.

The zinc produced at MRM is used in everyday goods like cars, trains, ovens, washing machines and fridges, as well as in low emissions technologies like solar panels and wind turbines. 

MRM is committed to meaningful engagement with Traditional Owners and Indigenous communities in the Gulf Region that respects cultural heritage and helps build the long-term social and economic prosperity of local Indigenous communities. 

About one in four of MRM’s employees are Aboriginal or Torres Strait islander, with most coming from local communities including Borroloola and Robinson River.

One of Glencore’s key, long-term partnerships in the region is the McArthur River Mine Community Benefits Trust between the local community, MRM and the Northern Territory Government, established almost 15 years ago.

MRM contributes $1.3 million every year to the CBT, which has in turn invested more than $20 million into over 130 programs in areas that include health, education and cultural heritage.

Matt O'Neil, Chief Operating Officer of Glencore's zinc business in Australia said:

“McArthur River Mine has been part of the Roper Gulf region for 25 years and our mining operation underpins Glencore’s major economic contribution to the Territory.

“We are committed to the welfare of the communities and families in the Roper Gulf, and we continue to provide funding for community initiatives that will make a difference to people’s livelihoods. Last year, we supported more than 1,000 direct jobs on site and engaged another 1,000 suppliers to the mine, and we continue to offer many employment opportunities and traineeships.”

Adam Hatfield, Acting General Manager, McArthur River Mine said:

“We’re a proud Territory organisation and McArthur River Mine remains committed to providing increased opportunity for Territorians while helping build the long-term social and economic prosperity of local Indigenous communities across the Gulf region.

“We’re proud of the significant contribution we make to the Territory, and we look forward to increasing our 25% Indigenous employment and working closely with Traditional Owners for an Indigenous Land Use Agreement (ILUA)."

Visit Glencore Australia's website for more information and to read the full ‘Economic contribution of Glencore Australia’ report.

 

For further information, please contact:

Tracy Jones
McArthur River Mining
m: +61 418 251 774
e: Tracy Jones

Francis de Rosa
Corporate Affairs
Glencore Australia
m: +61 417 074 751
e: Francis de Rosa

 

Notes for editors

About Glencore Australia

In Australia, Glencore produces coal, copper, cobalt, nickel, zinc, lead, silver and gold from 25 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 17,350 people in Australia and in 2021 contributed $14 billion to the regional, state and national economies. This included spend of $9.2 billion with 8,630 businesses across the country, as well as $2.9 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.

Visit our website for more information and to read the full ‘Economic contribution of Glencore Australia’ report.