Glencore 2020 Corporate Profile Australia
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2020 CORPORATE PROFILE AUSTRALIA 18,720 employees and Australia’s contractors in largest Australia producer of coal to provide reliable power in Asia Cover photo: Workers in full personal protective gear at Glencore’s George Fisher Mine in north-west Queensland One of Australia’s A leading largest mining producers of technology copper, cobalt, business nickel and zinc This page: Planning tasks at Glencore’s Mount Isa Mines complex, north-west Queensland About Glencore We are one of the world’s largest natural resources companies. We own and operate a diverse mix of assets all over the world, and we’re engaged at every stage of the commodity supply chain. Global operations 160,000 Employees and contractors Diversifi ed by commodity, 60 geography Commodities across a range of metals, minerals and and activity energy sectors 3,000 Employees in marketing 1,200 Vessels on the ocean at • Fully integrated from mine any one time to customer • Presence in over 35 countries 7,000+ across 150 operating sites Long-term relationships with • Producing and marketing about suppliers and customers 60 commodities • Diversifi ed across multiple suppliers and customers www.glencore.com 2 Glencore 2020 Corporate Profi le Australia Our business model covers Metals & Minerals and Energy, which are supported by our extensive global Metals & Energy Marketing marketing network. Minerals The right Well-capitalised, commodity mix low-cost, high- for changing return assets needs • Future demand patterns • Since 2009, over US$45 billion for mature economies are has been invested in our global likely to favour mid- and industrial assets late-cycle commodities* • Low-cost, long-life assets in many • Major producer of later cycle of the world’s premier mining commodities including the districts support sustainable enabling materials (copper, cobalt, long-term cash fl ows nickel) that underpin the battery • Mine-life extension potential chemistry and infrastructure likely embedded in key commodities to power electric vehicles and low emission storage systems * Mid- and late-cycle commodities are those required by economies, societies and people as their quality of life continues to improve (e.g. electric and other automation, electronics, appliances). Glencore 2020 Corporate Profi le Australia 3 Our Australian operations Glencore operates 25 mines across Australia. We also operate metals processing assets in Queensland, including a copper smelter, lead smelter and copper refi nery. Darwin In 2019, Glencore contributed about $14.8 billion to regional, state and national economies in Australia.* 18,720 Employees and contractors $1.9 b Wages and salaries Brisbane $9.5 b Spent on goods and services Kalgoorlie Perth $3.4 b Kwinana Taxes and royalties paid to Sydney state and federal governments Adelaide Metals & Minerals Energy Copper Coal Melbourne Zinc Oil Nickel and Cobalt Technology City/Town * The taxes and royalties fi gure represents Glencore’s share of every operation we operate and manage in Australia. All other fi gures represent 100% of the operations that Glencore manages in Australia and include our joint venture partners’ interests in Ernest Henry Mining and our various coal joint ventures ** The above numbers do not include the contribution of Glencore Agriculture, in which Glencore holds a 49.99% stake. All dollar fi gures in this document are AUD, and relate to the 2019 calendar year, unless otherwise stated. 4 Glencore 2020 Corporate Profi le Australia About Glencore Darwin Borroloola Cairns Townsville Bowen Mount Isa Mackay Gladstone Brisbane Perth Newcastle Sydney ( Regional headquarters) Adelaide Port Kembla Melbourne Glencore 2020 Corporate Profi le Australia 5 The history of our business in Australia Australia is an important part of our global business and we have a strong track record of investment here over more than 20 years. – MIM Holdings Limited – Mount Isa Mines – Ernest Henry Mining – Copper Refi neries Limited – Townsville Port Operations CSA Mine – – Bowen Coke Xstrata IPO – – McArthur River Mining Teralba – – Oaky Creek West – Cook – – Newlands Liddell (expansion)(expansion – Wallsend – Narama – – Collinsville Westside – Ravensworth – – Rolleston Resource Pacific – Liddell – Ravensworth – United – Ulan – – Glencore Grain Underground – 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 – Bulga Lady Loretta – – Beltana McArthur River Mining – – Bulga South (expansion) – Baal Bone Jubilee Mines – – Minara Resources Sinclair – – Murrin Murrin Cosmos – – Cumnock Coal Tahmoor – – Mt Owen Operations Copper Zinc Nickel and Cobalt Coal Agriculture 6 Glencore 2020 Corporate Profi le Australia About Glencore – Mount Margaret Mining – Mangoola – Blakefi eld South – Xstrata acquisition – Ulan West – Ravensworth North – Rolleston (expansion) – McArthur River Mining (expansion) Hunter Valley Operations – 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Viterra – Hail Creek – Ulan OC (expansion)(expansioni – – Integra Mount Isa Mines – (George Fisher Mine expansion) United Wambo – Clermont – – Glendell (expansion) – Ernest Henry Mining (transition from open cut to underground) Glencore 2020 Corporate Profi le Australia 7 Metals & Minerals Production drilling at our Mount Isa Mines operations, north-west Queensland 8 Glencore 2020 Corporate Profi le Australia Glencore 2020 Corporate Profi le Australia 9 Townsville operations NORTH WEST QUEENSLAND Copper Refi neries Ltd MINERALS Townsville Glencore Port Operations PROVINCE Mount Isa Mount Isa Mines Cloncurry X41 Enterprise Copper concentrator Ernest Henry Mining Copper smelter Underground mine Rockhampton Copper concentrator QUEENSLAND Brisbane NEW SOUTH WALES CSA Mine Underground mine Newcastle Copper concentrator Port Waratah Sydney (Regional headquarters) Mine site Underground mine Other asset Port facilities and storage Rail City/Town 10 Glencore 2020 Corporate Profi le Australia Metals & Minerals Copper Our 2019 contribution $1.7 b 3,440 $388 m $1 b Total Employees Wages and Spent on goods contribution and contractors salaries and services Our Australian copper business is integrated across the entire supply chain, from resource development, mining and processing, to transport, storage and export to customers around the world. We aim to have a positive impact on communities associated with our operations through our direct employment and spend on goods and services from local and regional business. Queensland New South Wales Our north Queensland copper mining Our CSA Mine at Cobar, in regional New and processing assets include the Mount South Wales, is one of Australia’s highest Isa Mines complex, Ernest Henry Mining grade copper mines. Copper from the near Cloncurry, and our copper refi nery in mine is exported via the Port of Newcastle. Townsville. Our copper is exported from the Our CSA Mine employs 740 people Port of Townsville. Our north Queensland including contractors. copper operations employ 2,700 people, including contractors. Australian leadership In 2020, our north Queensland copper and Matt O’Neill, Chief Operating Offi cer, zinc operations have been consolidated Queensland Metals as a single business entity, Glencore Copper Assets Australia Queensland Metals. OPERATIONS ASSETS 2019 PRODUCTION Mount Isa Mines Enterprise underground mine Copper cathode 151,100 t 1 copper operations X41 underground mine and copper Copper concentrator in concentrates Copper smelter Ernest Henry Mining Underground copper mine Copper concentrator Copper Refi neries Ltd Electrolytic copper refi nery CSA Mine Underground mine Copper 43,456 t Copper concentrator in concentrates 1 Mount Isa, Ernest Henry, Townsville – total production, t = tonnes including third party feed Glencore 2020 Corporate Profi le Australia 11 Darwin GULF OF Bing Bong CARPENTARIA Loading Facility Borroloola McArthur River Mine Open cut mine Zinc-lead Townsville operations concentrator NORTH WEST Glencore Port Operations QUEENSLAND Townsville Lady Loretta Mine MINERALS PROVINCE Mount Isa NORTHERN Mount Isa Mines George Fisher Mine TERRITORY Zinc-lead concentrator Rockhampton Lead smelter QUEENSLAND Brisbane Mine site Underground mine Open cut mine Other asset Port facilities and storage Rail City/Town 12 Glencore 2020 Corporate Profi le Australia Metals & Minerals Zinc Our 2019 contribution $1.7 b 3,050 $220 m $1.3 b Total Employees Wages and Spent on goods contribution and contractors salaries and services Glencore mines two of the world’s largest zinc and lead resource bases at Mount Isa Mines and McArthur River Mine. In addition to our direct employment and local spend on goods and services, we maintain a strong focus on rehabilitation and community investment. Queensland Northern Territory In north Queensland, we own the Our McArthur River Mine (MRM) is located George Fisher underground mine, Lady about 970 kilometres south-east of Loretta underground mine, a zinc-lead Darwin and includes an open cut mine concentrator, a zinc-lead fi lter plant and a and processing facilities. Our zinc and lead lead smelter. Our zinc and lead products is exported from the Bing Bong Loading are exported from the Port of Townsville. Facility on the Gulf of Carpentaria. Our The Mount Isa Mines zinc operations MRM operations employ 1,250 people. employ 1,800 people. Australian leadership In 2020, our north Queensland copper and zinc operations have been consolidated Matt O’Neill, Chief Operating Offi cer, as a single business entity, Glencore Queensland Metals Queensland Metals. Sam Strohmayr, Chief Operating Offi cer, Zinc Assets Australia OPERATIONS ASSETS