2018 CORPORATE PROFILE QUEENSLAND Diversified. Dedicated. Driven. 7,320 employees & contractors in Queensland Home to one of the largest zinc One of resource Australia’s bases in the most world successful innovation & Australia’s technology largest businesses thermal coal producer About Glencore We are one of the world’s largest natural resource companies. Our business covers three broad We own and operate a diverse mix of assets all over the world, sectors: Metals and Minerals, Energy and we’re engaged at every stage of the commodity supply Products and Glencore Agriculture, Metals and Energy Agriculture chain; a unique business model that maximises value for all which are supported by our extensive minerals our stakeholders. global marketing network. We are present at every point of the value chain, from where commodities are sourced to where they are consumed. Uniquely A unique The right diversified by marketing business commodity mix 146,000 commodity, that extracts value Employees and contractors for changing geography and across the entire needs 90 activity supply chain Commodities across three business segments 4,000 • Fully integrated across the • Future demand patterns for • As a marketer of commodities, Employees in marketing commodity supply chain maturing economies are likely we can extract value from the full to favour mid and late cycle range of arbitrage opportunities • Presence in 50 countries across commodities 150 operating sites • We create value from our 1,200 • Major producer of later cycle economies of scale, our extensive • Producing and marketing more Vessels on the ocean at any commodities including the supply base, our logistics, risk that 90 commodities across three one time enabling materials (copper, cobalt, management and working capital business segments nickel) that underpin the battery financing capabilities • Diversified across multiple chemistry and infrastructure likely 7,000+ suppliers and customers to power electric vehicles and low Long-term relationships with emission storage systems suppliers and customers www.glencore.com 2 Glencore 2018 Corporate Profile Queensland Glencore 2018 Corporate Profile Queensland 3 About Glencore Our Queensland operations Queensland is an important part of our Australian and global business. We hold significant interests in a range of commodity industries throughout Aurukun the state. In 2017, Glencore contributed more than $5.4 billion to Queensland’s economy.* Cairns 7, 320 Employees and contractors** Townsville $960 m Bowen Wages and salaries Mount Isa $3.3 b Mackay Spent on goods and services $576 m Taxes and royalties paid to Gladstone state and federal governments $595 m Capital & sustaining investment Metals & minerals Energy products Copper Oil Brisbane Zinc Coal Toowoomba Bauxite $2.2 m Agriculture Technology Regional community investment initiatives City/Town * These figures represent 100% of the operations that Glencore manages in Queensland and include our joint venture partners’ interests in Glencore Agriculture, Ernest Henry Mining (Copper) and our various coal joint ventures. ** This does not include workforce numbers at the Hail Creek coal mine, which we began operating in August 2018. All dollar figures in this document are AUD, and relate to the 2017 calendar year, unless otherwise stated. Perth 4 Glencore 2018 Corporate Profile Queensland Glencore 2018 Corporate Profile Queensland 5 Kwinana Newcastle Sydney ( Regional headquarters) Adelaide Port Kembla Melbourne Energy products Coal Our contribution 2,840 $373 m $2.4 b $172 m Employees Wages and Spent on goods Capital and contractors salaries and services investment We are Australia’s largest coal producer, with five of our 17 Australian mining operations located across Queensland. In 2017 we produced over 38 million tonnes of saleable thermal and coking coal. Our coal is exported from the ports of Abbot Point, Dalrymple Bay, Wiggins Island Coal Export Terminal and RG Tanna coal terminal in Queensland. Australian management team Peter Freyberg, Global Head of Coal Assets Ian Cribb, Chief Operating Officer, Coal Assets Australia OPERATIONS2 METHODS PRODUCTS 2017 PRODUCTION1 Collinsville Open Cut Open cut Thermal, Coking 2,150,000 t Newlands Open Cut Open cut Thermal, Coking 5,645,000 t Clermont Open Cut Open cut Thermal 11,780,000 t Oaky Creek Coal Underground Coking 4,817,000 t Rolleston Open Cut Open cut Thermal 14,417,000 t Energy 1 Managed equivalent saleable production t = tonnes products 2 We completed the acquisition of an 82% stake in the Hail Creek open cut coal mine in Queensland in August 2018 6 Glencore 2018 Corporate Profile Queensland Glencore 2018 Corporate Profile Queensland 7 Energy products Glencore’s coal operations in Queensland Case study Leading the way in coal mine rehabilitation Abbot Point Coal Terminal (T1) Bowen Collinsville Open Cut Our Newlands coal complex has achieved a first in Bowen Newlands Coal Basin coal mining history with official Queensland Government Hail Creek Mackay certification for rehabilitation of overburden spoil. Our Rolleston coal mine soon followed, receiving certification for the Dalrymple Bay Coal Terminal rehabilitation of 220 hectares of previously mined land. Galilee Basin At Newlands, Glencore worked Bowen Clermont Open Cut Basin collaboratively with the Department of Mine Rehabilitation Environment and Science to progressively in Queensland Oaky North certify 73.5 hectares associated with part of Rockhampton In recent years, mine rehabilitation an overburden dump at Ramp 7. and closure planning have become Newlands achieved successfully provided increasingly important and visible Gladstone habitat suitable for flora and fauna in a interests for industry, government, safe, stable, non-polluting and sustainable stakeholders and communities. Rolleston Open Cut manner, and received certification for this For Glencore in Queensland, mine Wiggins Island rehabilitation in June 2017. rehabilitation is not a new concept. Coal Export Terminal This was the first time that rehabilitation We have been leading the way in RG Tanna Coal Terminal of coal mine overburden spoil had ever responsible rehabilitation to return been certified and provided a constructive land to its pre-mined state (or better) way forward for both government and the for more than 20 years. QUEENSLAND natural resources sector in encouraging Since 2012, our coal business has further certification of progressive consistently exceeded its regulatory rehabilitation. Surat Basin and internal rehabilitation targets. We are using the key learnings from We were the first industry proponent our Newlands case study elsewhere. In for a rehabilitation case study Brisbane July 2018 we received certification from to develop a simple, repeatable the Queensland Government for the and transparent rehabilitation rehabilitation of 220 hectares of previously certification approach in Queensland, mined land at our Rolleston open cut in consultation with government. Mine site mine. Rolleston has now completed about We believe that the rehabilitation at a Underground mine 800 hectares of rehabilitation, with a further number of our sites in Queensland is Open cut mine 175 scheduled for completion in 2018. among the best mine rehabilitation Other asset We are also successful rehabilitating open anywhere in the world. Port facilities and storage cut mine voids, returning them to landform Rail consistent with surrounding areas. NEW SOUTH WALES Mangoola Open Cut Glencore 2018 Corporate Profile Queensland Hunter Valley Operations Glencore 2018 Corporate Profile Queensland 8 A 9 Liddell Open Cut Mount Owen Coal Mount Owen Glendell Ulan Coal Ravensworth Coal Ulan Ulan West Integra Underground Ulan Underground B C D Bulga Coal Bulga Open Cut Port Waratah Coal Services Bulga Underground E Newcastle F Sydney (Regional headquarters) Port Kembla Coal Terminal Wollongong G Coalfi elds A Gunnedah Coalfi eld B Western Coalfi eld C Hunter Coalfi eld D Gloucester Coalfi eld E Newcastle Coalfi eld F Central Coalfi eld G Southern Coalfi eld Energy products Oil Glencore’s oil business in Australia supplies our mining and agricultural operations’ fuel needs. We also supply fuel into the wholesale fuel market, independents and the marine fuel industry. Metals and minerals Cairns Townsville Mount Isa Mackay QUEENSLAND Gladstone Brisbane Truck Barge 10 Glencore 2018 Corporate Profile Queensland Glencore 2018 Corporate Profile Queensland 11 Metals and minerals Copper Our contribution 3,200 $387 m $561 m $180 m Employees Wages and Spent on goods Capital and contractors salaries and services investment Our Queensland copper operations are integrated across the entire supply chain, from resource development, mining and processing, to transport, storage and export to worldwide customers. Townsville operations Queensland Australian management team NORTH WEST Copper Refi neries Ltd QUEENSLAND MINERALS Our north Queensland copper mining Mike Westerman, Chief Operating Officer, PROVINCE Townsville Glencore Port Operations and processing assets include the Mount Copper Assets Australia Ernest Henry Mining Isa Mines complex, Ernest Henry Mining Underground mine Matt O’Neill, Chief Operating Officer, near Cloncurry, and our copper refinery Mount Isa Copper concentrator Bowen North Queensland Copper Assets in Townsville. We produce a globally Cloncurry renowned, premium copper product known as ISA Brand copper cathode, Mount Isa Mines sought after all over for the world thanks X41 to its highly conductive properties. Enterprise