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18 May 2026 07:18
Glencore plc
Baar, Switzerland
18 May 2026
Glencore notes ruling by the Chilean Second Environmental Tribunal regarding Collahuasi
Glencore does not currently expect any immediate impact on production
Glencore notes the 15 May ruling in Chile by the Second Environmental Tribunal which purports to set aside the Environmental Authorisation (RCA) issued by the Environmental Assessment Service (SEA) to the independently managed Collahuasi copper mine in 2021 for the "Infrastructure Development and Production Capacity Improvement" project that includes the development of a water desalination plant for Collahuasi, which is now almost complete.
Glencore understands from the Tribunal's own press release that its ruling is limited to two specific aspects relating to analysis on the effects on a local community and on the marine environment. Collahuasi is currently in the process of seeking full clarification from the Tribunal and the SEA in order to determine the specific effects of its ruling, the matters that it requires SEA to re-examine, and any impact on Collahuasi's operation.
Based on the information currently available and subject to the existing alternative water sources for Collahuasi, Glencore does not currently expect any immediate impact on production.
Collahuasi has confirmed that the environmental permitting process for the project was carried out in accordance with local regulations and under the relevant environmental framework. The RCA was obtained in December 2021, following a rigorous assessment process led by the SEA, including the indigenous consultation defined by the competent authority. This was subsequently confirmed by the Ministers Committee in August 2023.
Collahuasi has stated that it will continue to work in coordination with the relevant authorities and stakeholders, acting responsibly and in accordance with the legal framework, in order to determine the appropriate next steps.
Glencore will provide further updates as appropriate.
For further information please contact:
Investors | |||
Martin Fewings | t: +41 41 709 28 80 | m: +41 79 737 56 42 | martin.fewings@glencore.com |
Media | |||
Charles Watenphul | t: +41 41 709 24 62 | m: +41 79 904 33 20 | charles.watenphul@glencore.com |
www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life.
With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices.
Glencore's customers are principally industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
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Important Information
This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore's 2025 Annual Report, which is available at glencore.com/publications. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from any future events, results, performance, achievements or other outcomes expressed or implied by such forward-looking statements. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.
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The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
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