2019 Corporate Profile Australia

Home , Ernest Henry (explorer), George Fisher (miner), MIM Holdings, Mount Isa Mines

2019 CORPORATE PROFILE AUSTRALIA One of the 18,000 Australia’s largest buyers employees and largest coal of grain and contractors in producer oilseeds from Australia Australian One of growers Australia’s largest producers of copper, zinc, nickel and

cobalt Glencore’s Mount Isa Mines operation About Glencore

We are one of the world’s largest natural resources companies. Our business covers Metals and We own and operate a diverse mix of mining, metals processing Minerals, Energy and Agriculture, and agricultural assets all over the world, and we’re engaged at which are supported by our extensive Metals and Energy Agriculture every stage in the commodity supply chain. global marketing network. minerals

Global operations 158,000 Uniquely Employees and contractors The right diversifi ed by Well-capitalised, commodity mix commodity, low-cost, high- 90 for changing Commodities across three geography and return assets needs business segments activity 3,000 Employees in marketing 1,200 Vessels on the ocean at any one time • Fully integrated from mine • Future demand patterns for • Since 2009, over US$40 billion to customer maturing economies are likely has been invested in our global to favour mid-and late-cycle industrial assets • Presence in 50 countries across commodities 7,000+ 150 operating sites • Low-cost, long-life assets in many of Long-term relationships with • Major producer of later cycle the world’s premier mining districts suppliers and customers • Producing and marketing more commodities including the support sustainable long-term than 90 commodities across three enabling materials (copper, cobalt, cash fl ows business segments nickel) that underpin the battery • Mine-life extension potential • Diversifi ed across multiple chemistry and infrastructure likely embedded in key commodities suppliers and customers to power electric vehicles and low emission storage systems

www.glencore.com

2 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 3 About Glencore Our Australian operations

Darwin

Borroloola Cairns

In 2018, Glencore contributed Townsville more than $15.6 billion to Bowen Mount Isa regional, state and national Mackay economies in Australia.*

18,000 Gladstone Employees and contractors

$2.0 b Brisbane Wages and salaries

$10.1 b Kalgoorlie Spent on goods and services Perth Cobar Kwinana Newcastle $2.2 b Sydney ( Regional headquarters) Taxes and royalties paid to Adelaide state and federal governments

Metals & minerals Energy products $1.3 b Copper Coal Zinc Capital and sustaining investment Agriculture Melbourne in our operations Nickel and Cobalt Port facilities and storage Bauxite Container packing & Technology processing facilities Key upcountry City/Town storage sites

* 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 Glencore Agriculture, Ernest Henry Mining, our various coal joint ventures and our 49% share of Hunter Valley Operations. All dollar fi gures in this document are AUD, and relate to the 2018 calendar year, unless otherwise stated.

4 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 5 About Glencore The history of our business in Australia

Australia has been an important part of our global business for over 20 years.

– MIM Holdings Limited – Mount Isa Mines – Mount Margaret Mining – Ernest Henry Mining – Mangoola – Copper Refi neries Limited – Blakefi eld South – Townsville Port Operations – Bowen Coke – Xstrata acquisition CSA Mine – Xstrata IPO – – McArthur River Mining – Oaky Creek – Ulan West Teralba – Cook – – Newlands – Liddell (expansion) – Ravensworth North West Wallsend – Narama – – Collinsville – Rolleston (expansion) Westside – Ravensworth – – Rolleston – Resource Pacifi c – McArthur River Mining (expansion) Liddell – – Ravensworth United – Ulan – – Glencore Grain Underground Hunter Valley Operations –

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

– Bulga Lady Loretta – Viterra – Hail Creek – – Beltana McArthur River Mining – – Bulga South (expansion) Ulan OC (expansion)(expansioni – – Integra – Baal Bone Mount Isa Mines – Jubilee Mines (George Fisher – Mine expansion) – Minara Resources Sinclair – – Murrin Murrin Cosmos – United Wambo – Clermont – Cumnock Coal Tahmoor – – – Mt Owen – Glendell (expansion) – Ernest Henry Mining (transition from open cut to underground)

Operations Copper Zinc Nickel and Cobalt Coal Oil Agriculture

6 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 7 Agriculture

Viterra’s Port Giles operation in South Australia

8 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 9 Agriculture

Our 2018 contribution 1,200 $87 m $2.34 b $32 m Employees Wages and Spent on goods Capital and contractors salaries and services investment

We are a signiﬁ cant contributor to the agricultural industry in Australia, connecting agricultural commodities safely and efﬁ ciently between growers and customers at home and overseas.

We originate, handle, store, transport Viterra’s storage and handling business and market a range of agricultural received 4.1 million tonnes of grain in 2018, commodities, including wheat, barley, with 4.8 million tonnes shipped through oilseeds, pulses, sorghum, meals its South Australian ports on behalf of SOUTH and cotton. 13 exporters. AUSTRALIA In 2018, our marketing business bought Narrabri Australian management team more than 4.6 million tonnes of agricultural commodities directly from growers across Tim Krause, Regional Director Thevenard NEW SOUTH WALES Australia to connect with domestic and Australia/New Zealand overseas customers. Philip Hughes, General Manager Trading, Newcastle Glencore Agriculture Sydney Two Wells (Regional headquarters) Adelaide Port Lincoln STORAGE AND HANDLING About 10 million tonnes total storage, with sites ranging in Wallaroo SITES capacity from 6,000 tonnes to over 600,000 tonnes Ardrossan Port Giles CONTAINER PACKING AND Port Adelaide Dooen Melbourne Dooen PROCESSING FACILITIES Outer Harbor VICTORIA Two Wells Narrabri Inner Harbour PORTS Thevenard Ardrossan (non-grain) Inner Harbour Melbourne Port Lincoln Port Giles (Adelaide) Wallaroo Outer Harbor (Adelaide) COMMODITIES Wheat Peas Sorghum Barley Chickpeas Protein meals Canola Faba beans Cotton Lentils Lupins CORPORATE OFFICES Adelaide Melbourne GRAIN ACCUMULATION Fremantle Wagga Wagga Toowoomba OFFICES Key upcountry storage sites Dooen Narrabri Container packing and processing facilities Port facilities and storage Rail City/Town

10 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 11 Energy products Coal

Our 2018 contribution 9,500 $1.0 b $5.6 b $576 m Employees Wages and Spent on goods Capital and contractors salaries and services investment

We are Australia’s largest coal producer, with 16 mining operations across New South Wales and Queensland.

We employ about 9,500 people and Australian management team in 2018 produced 103 million tonnes of Gary Nagle, Head of Global Coal Assets saleable thermal and coking coal. Our coal is exported from the ports of Abbot Point, Ian Cribb, Chief Operating Ofﬁ cer, Dalrymple Bay, Wiggins Island Coal Coal Assets Australia Export Terminal, RG Tanna coal terminal (in Queensland) and from the Port of Newcastle (in NSW).

OPERATIONS METHODS PRODUCTS 2018 PRODUCTION1 Collinsville Open Cut Open cut Thermal 3,224,000 t Newlands Coal Open cut Thermal, Coking 5,523,000 t Hail Creek 2 Open cut Coking 3,819,000 t Clermont Open Cut Open cut Thermal 11,719,000 t Oaky Creek Coal Underground Coking 4,564,000 t Rolleston Open Cut Open cut Thermal 15,177,000 t Ulan Coal Underground Thermal 11,738,000 t Mangoola Open Cut Open cut Thermal 10,562,000 t Hunter Valley Operations 3 Open cut Thermal, Coking 4,892,000 t Liddell Open Cut Open cut Thermal, Coking 4,065,000 t Mount Owen Coal Open cut Thermal, Coking 7,640,000 t Energy Ravensworth Coal Open cut Thermal, Coking 9,056,000 t products Integra Underground Underground Coking 1,440,000 t Bulga Coal Open cut Thermal, Coking 9,023,000 t Tahmoor Underground 4 Underground Coking 590,000 t

1 Managed equivalent saleable production rounded up/down to nearest 1,000 tonnes t = tonnes 2 Glencore completed its acquisition of an 82% stake in Hail Creek Coal on 1 August 2018 Glencore has subsequently acquired a further 2.67% in the operation 3 Glencore completed its acquisition of a 49% stake in Hunter Valley Operations on 4 May 2018 The volumes included above represent Glencore’s share of the non-managed Joint Venture 4 Glencore sold its Tahmoor Coal operation on 20 April 2018

12 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 13 Galilee Basin Bowen Basin

QUEENSLAND

Surat Basin

Energy products Brisbane Our coal operations in New South Wales Our coal operations in Queensland

NEW SOUTH WALES Mangoola Open Cut Abbot Point Coal Terminal (T1) Bowen Hunter Valley Operations Collinsville Open Cut A Liddell Open Cut Newlands Coal Mount Owen Coal Mackay Mount Owen Hail Creek Glendell Dalrymple Bay Coal Terminal Ulan Coal Ravensworth Coal Ulan Ulan West Integra Underground Galilee Basin Ulan Underground B C Bowen Clermont Open Cut D Basin

Bulga Open Cut Oaky Creek Coal Rockhampton Port Waratah Coal Services E Newcastle Gladstone F Sydney Rolleston Open Cut (Regional headquarters) Wiggins Island Coal Export Terminal RG Tanna Coal Terminal G

Coalfi elds QUEENSLAND A Gunnedah Coalfi eld B Western Coalfi eld C Hunter Coalfi eld Surat Basin D Gloucester Coalfi eld E Newcastle Coalfi eld Brisbane F Central Coalfi eld G Southern Coalfi eld

Mine site Mine site Underground mine Underground mine Open cut mine Open cut mine Other asset Other asset Port facilities and storage Port facilities and storage Rail Rail City/Town City/Town NEW SOUTH WALES Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 14 A 15

B C D

F Sydney

A B C D E F G 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.

Darwin

Cairns

Townsville Mount Isa Mackay

Gladstone

Brisbane

Newcastle Kalgoorlie Perth Port Jackson Coogee Port Botany Sydney Adelaide Port Kembla

Melbourne Metals and minerals

Site Truck Barge Pipeline

16 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 17 Metals and minerals Copper

Our 2018 contribution 3,700 $456 m $670 m $308 m Employees Wages and Spent on goods Capital and contractors salaries and services investment

Townsville operations NORTH WEST QUEENSLAND Copper Refi neries Ltd Our Australian copper business is integrated across the entire supply MINERALS Townsville Glencore Port Operations PROVINCE chain, from resource development, mining and processing, to transport, Mount Isa Bowen storage and export to customers around the world. Mount Isa Mines Cloncurry X41 Enterprise Queensland New South Wales Copper concentrator Ernest Henry Mining Copper smelter Underground mine Rockhampton Our north Queensland copper mining Our CSA Mine in Cobar is Australia’s Copper concentrator and processing assets include Mount Isa highest grade copper mine. Copper Mines, Ernest Henry Mining near Cloncurry, from the mine is exported via the Port of and our copper refi nery in Townsville. Newcastle. Our CSA Mine employs about QUEENSLAND Our copper is exported from the Port of 600 people. Townsville. Our north Queensland copper Brisbane operations employ over 3,000 people, Australian management team including contractors. Matt O’Neill, Chief Operating Offi cer, Copper Assets Australia NEW SOUTH WALES

CSA Mine Underground mine Newcastle Copper concentrator Port Waratah Sydney (Regional headquarters)

OPERATIONS ASSETS 2018 PRODUCTION Mount Isa Mines copper Enterprise underground mine Copper cathode 217,537 t 1 operations X41 underground mine and copper in Copper concentrator concentrates Copper smelter Ernest Henry Mining Underground copper mine Copper concentrator Copper Reﬁ neries Ltd Electrolytic copper reﬁ nery Mine site CSA Mine Underground mine Copper in 48,047 t Underground mine Copper concentrator concentrates Other asset 1 Mount Isa, Ernest Henry, Townsville – total production, t = tonnes Port facilities and storage including third party feed Rail City/Town

18 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 19 Metals and minerals Zinc

Our 2018 contribution Darwin

GULF OF 2,400 $279 m $696 m $380 m Bing Bong CARPENTARIA Loading Facility Employees Wages and Spent on goods Capital Borroloola and contractors salaries and services investment McArthur River Mine Open cut mine Zinc-lead Townsville operations concentrator NORTH WEST Glencore Port Operations Glencore mines two of the world’s largest zinc resource bases at QUEENSLAND Townsville Lady Loretta Mine MINERALS Mount Isa Mines and McArthur River Mine. PROVINCE

Mount Isa Queensland Northern Territory NORTHERN Mount Isa Mines In north Queensland, we operate the Our McArthur River Mine (MRM) is located George Fisher Mine TERRITORY Zinc-lead concentrator Rockhampton George Fisher underground mine, about 970 kilometres south-east of Lead smelter Lady Loretta underground mine, a zinc- Darwin and includes an open cut mine lead concentrator, a zinc-lead ﬁ lter plant and processing facilities. Our zinc and lead and a lead smelter. Our zinc and lead is exported from the Bing Bong loading QUEENSLAND products are exported from the Port facility on the Gulf of Carpentaria. Our MRM of Townsville. The Mount Isa Mines zinc operations employ over 1,000 people. Brisbane operations employ over 1,300 people. Australian management team Greg Ashe, Chief Operating Ofﬁ cer, Zinc Assets Australia Denis Hamel, Executive General Manager, Zinc Assets Australia

OPERATIONS ASSETS 2018 PRODUCTION Mount Isa Mines George Fisher underground mine Zinc in concentrates 278,149 t zinc operations Zinc-lead concentrator Lead in concentrates 125,915 t Lead smelter Silver in concentrates 4,642,869 oz Lady Loretta underground mine McArthur River Open cut zinc-lead mine Zinc in concentrates 254,283 t Mine Zinc-lead concentrator Lead in concentrates 49,887 t Bing Bong Loading Facility Silver in concentrates 1,719,277 oz

t = tonnes oz = ounces Mine site Underground mine Open cut mine Other asset Port facilities and storage Rail City/Town

20 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 21 Metals and minerals Nickel and Cobalt

Our 2018 contribution 1,000 $110 m $597 m $31 m Employees Wages and Spent on goods Capital and contractors salaries and services investment

We are one of Australia’s largest nickel and cobalt producers. Our Murrin Murrin nickel operation is located between Leonora and Laverton in the north-eastern Goldﬁ elds region of Western Australia. Glencore Technology’s Jameson Cells deliver more concentrate per dollar, per metre Murrin Murrin is operated by Minara Australian management and per year in more than 350 installations around the world. Resources, wholly owned by Glencore. Our Peter Hancock, Vice President, nickel and cobalt is exported from Kwinana, Minara Resources south of Perth. In 2018, we produced 39,717 tonnes of nickel and 3,244 tonnes Glencore Technology of cobalt in metal (including metals and minerals we process from third-parties). Glencore Technology develops innovative products that help producers extract more from their metal and mineral processing assets. ISASMELT™, IK™, IsaMill™, Jameson Cell and WESTERN AUSTRALIA Albion Process™ have been developed in the real world and proven in more than 400 operations across every continent.

EASTERN ISASMELT™ is still helping operations environments, over traditional mineral GOLDFIELDS break recovery records in smelting after leaching techniques. TERRANE more than 30 years. IsaMill™ and Jameson Glencore Technology also provides Cell deliver more and better quality other parts of the Glencore group with Laverton concentrate to downstream stages in expertise in process improvement, Leonora Murrin Murrin mining operations. IK™ cathode ﬂ owsheet performance and metallurgical Open cut mine plates and robotics account for more trouble-shooting. Nickel and cobalt processing plant than 11 million tonnes per annum of world copper production. Albion Process™, Kalgoorlie Australian management commercialised in 2009, is delivering Perth improved returns, through tougher Paul Telford, General Manager, Kwinana Glencore Technology

Mine site Open cut mine Other asset Port facilities and storage Rail City/Town

22 Glencore 2019 Corporate Profi le Australia Glencore 2019 Corporate Profi le Australia 23 About Glencore Taxes and royalties What could our taxes and royalties pay for? In 2018, Glencore paid more than $2.2 billion in taxes and royalties to Federal and State Governments in Australia. Our total corporate income In the 2018 Financial Year, Glencore’s $2.2 billion tax liability in Australia for the 2018 fi nancial year was over $1 billion*. total contribution to taxes and royalties at a State Since 2008, Glencore operations have paid more than $14 billion in taxes and Federal level was the equivalent of: and royalties in Australia, of which $2.5 billion was corporate income tax. Hiring over

When it comes to our tax and royalty • Our proﬁ tability in Australia is contribution, it is important to note: generally driven by the price of our 31,000 new teachers or core commodities: coal, copper, nickel • Corporate income tax is paid on taxable new police constables 1 or proﬁ ts, not on revenue. and zinc. • Our business is highly cyclical and • Mining royalties are generally needs high levels of capital and calculated and paid as a percentage sustaining investment over the of revenue per unit (tonne, ounce) of long-term. product sold.

Taxes and royalties paid since 2008 (summarised)

COMPANY PAYROLL AND COMPANY TAX ROYALTIES OTHER TAXES TOTAL Federal Government $2,498 m – $4,002 m $6,500 m State Government – $6,506 m $1,323 m $7,829 m Total $2,498 m $6,506 m $5,325 m $14,329 m Building Taxes and royalties paid for calendar year 2018 88 COMPANY 2 PAYROLL AND new schools or COMPANY TAX ROYALTIES OTHER TAXES TOTAL Building Federal Government $588 m – $628 m $1,216 m State Government – $941 m $61 m $1,002 m 3 Total $588 m $941 m $689 m $2,218 m regional hospitals 3

1 Average salary of ~$70,000 per annum for new teachers and new police constables in Queensland (references: teach.qld.gov.au/teaching-with-us/pay-and-benefi ts and www.policerecruit.qld.gov.au/ whatWeOffer/Employment-Entitlements.htm) 2 $25m per school (Minerals Council of Australia, The Next Frontier (Feb 2019): minerals.org.au/sites/default/ fi les/190208%20The%20Next%20Frontier%20MCA%20Policy%20Priorities.pdf) * Tax payable in relation to 2018 fi nancial year was paid during the 2018 and 2019 years 3 $700m per hospital (Minerals Council of Australia, The Next Frontier (Feb 2019): minerals.org.au/sites/ default/fi les/190208%20The%20Next%20Frontier%20MCA%20Policy%20Priorities.pdf)

24 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 25 Supporting our local communities

Every year, Glencore supports our local communities via a combination of partnerships, sponsorships, funding and voluntary employee contributions. In addition to our role as a major employer, in 2018 we partnered with a number of community organisations across Australia to make a positive contribution in the areas of health, education, arts and culture, and the environment.

Royal Far West

Glencore has partnered with charity Royal Far West to provide early intervention for children experiencing speech, language, sensory and motor development difﬁ culties in our regional Queensland operational areas of Springsure, Collinsville and Clermont. The capacity-building program helps teachers, parents and other school and early education employees to better care for the unique needs of these young children. Training is done using tele-tutorials and video links with senior clinicians and is enriched with online resources. We have invested $100,000 to help deliver this program to these regional areas.

26 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 27 Supporting our local communities

Queensland

• Angel Paws Inc • Mount Isa Entertainment and • Annandale State School Tourism Venues • Arts on Alma • Mount Isa Fish Stocking Group • AusIMM • Mount Isa Mines Rodeo • Books in Homes Australia • Mount Isa Special School • Boulia Camel Races • North Queensland Football Limited • Camooweal Jockey Club • North Queensland Sports Foundation • Capricorn Rescue Helicopter • North West Canoe Club • Central Queensland Health Service • North West Hospital and Health Service – Mackay • Oonoonba State School • Central Queensland Rescue Helicopter • Parkrun Mount Isa • Central Queensland Rural Health • Queensland Department of Education • Clermont Aged Care Strategy • Queensland Department of Environment • Cloncurry and District Show Society and Science • Cloncurry Flinders Medical Centre • Queensland Department of Youth and Communities • Cloncurry Stockman’s Challenge and Campdraft Association • Queensland Minerals and Energy Academy (QMEA) • Commerce North West • Queensland Music Festival • CTM Links • RACQ LifeFlight Books in • Curry Merry Muster Festival • Ronald McDonald House North Australia • Edmund Rice Flexi School Homes • Salvation Army • Fitzroy Basin Association • South Townsville State School Australia • Headspace Mount Isa • Southern Cross Catholic School • Healy State School • The Pyjama Foundation • Isa Running and Triathlon Club • Tieri State School • James Cook University • Townsville Eisteddfod Inc At Glencore, we believe in the power of education. Since 2007, • Junior Sports Development Program grants • Townsville Hospital Foundation we’ve supported Books in Homes which gives hundreds of children • Mayor of Townsville Christmas Appeal • Townsville State High School in regional and remote Australia nine new quality books each, • Mission to Seafarers • University of Central Queensland every year, to take home. • Mount Isa Agricultural Show Society • University of Queensland • William Ross State High School So far, we have donated over 160,000 books to students from schools • Mount Isa and District Athletics Association • Wonder of Science in the Mount Isa (including Camooweal), Cloncurry (including Dajarra), • Mount Isa Apex Club • Wulguru State School Bowen and Townsville regions. The program has been highly successful • Mount Isa City Council • Plus more schools, colleges, local clubs and teachers are happy to report the books have improved students’ • Mount Isa Eisteddfod and organisations throughout regional love of reading, their learning and their school attendance. Queensland

28 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 29 Supporting our local communities

New South Wales

• Aussie Ark • King of Kaputar Clay Target Shoot • Cattleman’s Cup Rugby Contest • Mudgee High School • Central Tablelands Local Land Services • New South Wales Department of • Clontarf Foundation Education – Hunter Ofﬁ ce • Collinsville schools • Peter Cullen Trust • Collinsville State High School • Royal Far West Children’s Charity • Community grants – local clubs • Salvation Army and organisations • Singleton High School • Gulgong High School • Tocal Agricultural College • Humpty Dumpty Foundation • Ungooroo Aboriginal Health Service • Hunter Local Land Services • University of Newcastle • Hunter New England Health • University of Newcastle – Wollongong • John Hunter Children’s Hospital • Westpac Rescue Helicopter Service • Junior Sports Development • Where There’s a Will Foundation Program grants

Aussie Ark

Glencore supports Aussie Ark, a 400 hectare animal refuge and breeding program in Barrington Tops in the Upper Hunter region of New South Wales. Our support is helping prevent the extinction of multiple native, endangered Australian mammals, including the Tasmanian devil.

A critical part of this program is ensuring endangered animals are safe from predators. To address this challenge, Glencore gave Aussie Ark $450,000 to build a ‘predator proof’ fence that completely encloses the entire area, keeping many precious species safe and sound in this refuge.

30 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 31 Supporting our local communities

South Australia

• AgCommunicators Food and Fibre • Parnkalla Trail Port Lincoln Education Camp • Pinery Memorial Trust • Ardrossan Area School • Port Lincoln Auto Sprints • Ceduna Racing Club • Rotary Port Pirie Science and • Corny Point Easter rafﬂ e Engineering Challenge • Crystal Brook Show • Royal Adelaide Show • Eyre Peninsula Agricultural Research • South Australian Durum Growers Foundation Association • Gladstone High School • South Australian No Till Farmers • HART Field Site Cropping Trials Association • Kapunda Show • Streaky Bay New Year’s ﬁ reworks • Kurrajong Race Day • Tumby Bay Silo Art • Loxton North Football Club • Waikerie Silo Art • Mackillop Farm Management Group • Wirrabara Silo Art • Men’s Watch Mental Health Programme • Wolseley community tri-annual Australia Day event • Murray Bridge Agricultural and Horticultural Society centenary dinner

Silo art

Silo art is a reﬂ ection of community spirit and celebration in agricultural communities. Glencore and Viterra support silo art projects like these in Wirrabara, by providing our silos as a base canvas for the community’s artwork. Silo art helps the small towns where we operate to attract visitors, contributing further to the town’s economy.

32 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 33 Supporting our local communities

Western Australia

• Curtin Volunteers! • Mount Margaret Remote • Eastern Goldﬁ elds Cycle Club Community School • Laverton Community Resource Centre • Mulga Queen Community • Laverton Crisis Intervention Service • Nurra Kurramunoo Aboriginal Corporation • Laverton Leonora Cross Cultural Association • Pakaanu Aboriginal Corporation • Laverton Mens Shed • Pingrup Races • Laverton Police and Kambalda • Royal Flying Doctor Service WA Football Club Inc • Shire of Laverton • Laverton School • Shire of Leonora • Leonora Community Resource Centre • Shire of Menzies • Leonora District High School • St John Ambulance • Leonora Police • St John Ambulance Volunteer • Menzies Aboriginal Corporation Sub-Centre Leonora • Menzies Community School • Walkatjurra Cultural Centre • Youth Wise

Royal Flying Doctor Service

Whether in the sky or on the road, Glencore’s Murrin Murrin nickel and cobalt operation in Western Australia is a proud supporter of the emergency medical services. The mine’s Minara Community Foundation gives the Royal Flying Doctor Service medical equipment to help empower it to save lives every day. The Foundation also supports St John Ambulance and provided substantial funding to help it with its deﬁ brillator program and 4WD ambulance project in the Goldﬁ elds region.

34 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 35 Supporting our local communities

Northern Territory

These partnerships are funded either directly by McArthur River Mining or by the MRM Community Beneﬁ ts Trust.

• Arafura Wind Ensemble • Mabunji Aboriginal Resource Centre • Barkly Regional Arts – Song Indigenous Corporation People Sessions • Malandari Festival • Barunga Festival • Mawurli and Wirriwangkuma Aboriginal • Books in Homes Australia (MAWA) Corporation • Borroloola Aged Care • Menzies School of Health Research • Borroloola Amateur Race Club • Mother’s Day Classic • Borroloola Men’s Health Week • Mungoordbada Aboriginal Corporation • Borroloola School • Nangala Foundation • Borroloola Show Society • National Trust • Borroloola Women’s Shelter • Northern Territory Chamber of Commerce • Borroloola Women’s Wellness Week • Northern Territory Training Awards • Cancer Council of the NT • Northern Territory Young • C a r e fl i g h t Achiever Awards • Engineers Australia SySTEMic partnership • NT Flyrodders Association • Gudanji Ranger Program Hands-on • Robinson River School • Humpty Dumpty Foundation learning • Roper Gulf Regional Council • John Moriarty Foundation Scholarships • Territory Natural Resource Management • King Ash Bay Fishing Club • Wanula Creche • Li-Anthawirriyarra Sea Ranger Unit • Waralungku Arts • Limmen National Park Art • Women in Resources Awards Protection Project Glencore’s McArthur River Mine is located in a remote area of the Northern Territory and builds strong ties with the local indigenous communities. One of the ways that MRM has been working with the local community is to give students from Borroloola School hands-on learning about environmental rehabilitation. McARTHUR RIVER MINE The course program takes students through topics such as land COMMUNITY BENEFITS TRUST management, seed collecting, soil preparation, safety preparation, and Established in 2007, the MRM Community Benefi ts Trust is a unique partnership water management including fi eld trips to the MRM Rehabilitation between McArthur River Mining, the Northern Territory Government and the Nursery. The course was inspired by Aunty-Nanna from the Gudanji local community. It commits $1.25 million a year to projects in the Gulf region, which comprises the communities bounded by Robinson River in the southeast, people, who had dreamed of being able to give local students the Sir Edward Pellew Islands in the north, Limmen Bight River in the west and Balbirini opportunity to care for country and appreciate it as much as she did. Station in the south. The town of Borroloola sits at the heart.

36 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 37 About Glencore The future of transport is electric

Experts predict there will be 140 million electric vehicles (EVs) on the road by 2030 1 – that’s only a little over 10 years away. China is also targeting 30% EV sales of new passenger vehicles by 2030.

The future is bright for EVs and they are constructed using different metals to conventional vehicles. Glencore in Australia is helping to deliver the copper and nickel required for EV construction, as well as the cobalt which keeps EV batteries cool while they operate.

Estimated average metal use per vehicle 2:

Copper Nickel Cobalt 84 kg 30 kg 8 kg Cu Ni Co

By 2030, global copper Nickel demand is currently Cobalt supply needs to demand for EVs alone outstripping supply and increase by more than will be equivalent to this trend will continue 300% from 2017 levels approximately double the as EV demand alone will to meet estimated total predicted supply from exceed the output of all EV demand by 2030. all probable mine projects. probable mine projects Two-thirds of all future to 2030. supply is predicted to be In Australia, Glencore used by EVs. produces copper at Mount In Australia, Glencore Isa Mines and Ernest Henry produces nickel at our In Australia, Glencore Mining in north-west Murrin Murrin operations produces cobalt at our Queensland and from the in the Goldﬁ elds region Murrin Murrin operations CSA mine near Cobar in of Western Australia. in the Goldﬁ elds region New South Wales. of Western Australia.

EV infrastructure is also driving demand for metals Infrastructure associated with EVs also demands metal for construction including: electricity generation and grid infrastructure, grid storage, and charging infrastructure.

1 Source: BNEF Long-Term Electric Vehicle Outlook 2018 2 Based on estimated 53 kWh global average battery pack size. Source: various data provided by CRU, Wood McKenzie, Glencore estimates, Bloomberg New Energy Finance and sell-side analyst consensus data.

38 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 39 About Glencore

Glencore ‘Connecting Possibilities’

This year, we are beginning a national communication campaign featuring different aspects of our business in Australia.

While we are proud contributors to It has a local and regional focus and will communities, businesses, taxes, royalties feature across a range of media channels and exports, Glencore is not a well-known throughout the year. company in Australia. The theme of the campaign is Our campaign is about better telling our ‘Connecting Possibilities’ because this story and features real people and real is what our business does; whether it’s stories. It shows our pride in the way we responsibly sourcing the minerals in your operate, the people that make up our mobile, supporting community initiatives business and the positive impact we have or fostering the next generation of across regional Australia. skilled workers.

What’s the connection? To ﬁ nd out more check out glencorepossible.com.au

40 Glencore 2019 Corporate Proﬁ le Australia Glencore 2019 Corporate Proﬁ le Australia 41 About Glencore

An active coal mine. Fertile rehabilitation. What’s the connection?

As one of the world’s largest global natural resources companies, Glencore is committed to making a positive, lasting contribution to the areas in which we operate. At Liddell coal mine in NSW, we’re assessing the performance of cattle on previously mined land compared with natural pastures. And while we’re still studying the results, outcomes from the first six years are positive. Cattle on rehabilitated pastures have on average put on 30% more weight than cattle on unmined pastures.

Discover how we’re connecting possibilities. Glencore 2019 Corporate Proﬁ le Australia 43 About Glencore A unique business model

As a global producer and marketer of commodities, we are uniquely diversiﬁ ed by geography, products and activities. Integrating our marketing and industrial business sets us apart from our competitors and helps us generate value. Our commodities in everyday products

Logistics Metals and and delivery minerals Our logistics assets allow us to handle large volumes 3 business segments, spanning of commodities, both to fulﬁ l our obligations and to take advantage of the metals, energy demand and supply imbalances. These value and agricultural Energy added services make us a preferred counterparty markets, producing for customers without such capabilities. 90 commodities from 150 sites Agriculture Geographic arbitrage

Exploration, acquisition and development Product Our marketing business arbitrage Our focus on brownﬁ eld sites and exploration close to existing We move commodities assets lowers our risk proﬁ le and lets us use existing infrastructure, from where they are plentiful realise synergies and control costs. to where they are needed.

Extraction and production Time We mine and beneﬁ ciate minerals across a range of commodities, arbitrage mining techniques and countries, for processing or reﬁ ning at our own facilities, or for sale.

Processing and refi ning Blending and optimisation Our expertise and technological advancement in processing Our ability to blend and optimise allows us to offer a and refi ning mean we can optimise our end products to suit a wide range of product specifi cations, resulting in a wider customer base and provide security of supply as well as superior service and an ability to meet our customer valuable market knowledge. specifi c requirements.

44 Glencore 2019 Corporate Proﬁ le Australia AUGUST 2019

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CONTACT Francis De Rosa Tel. +61 2 8247 6352 [email protected] Cass McCarthy Tel. +61 2 8247 6353 [email protected]

Glencore Australia Holdings Pty Ltd ABN 37 160 626 102 Level 44, Gateway 1 Macquarie Place Sydney NSW 2000 Australia T. +61 2 8247 6300 F. +61 2 9251 4740 D10_GLN3008A_08/19