Last checked at 14 Apr 2020 07:53
Glencore plc
Baar, Switzerland
14 April 2020
Update on COVID-19
Glencore continues to engage with the relevant authorities, unions and other stakeholders regarding the steps we are taking to minimise the impact of COVID-19 on our operations. Our goal is to operate only when we can keep our people safe and healthy, while safeguarding jobs and providing support to our local communities and other key stakeholders especially during this critical time. While the majority of our operations have not been materially impacted, the following provides an update on the impacts that have occurred at certain of our assets since our previous update on 26 March. As previously reported, we intend to provide updated guidance in respect of 2020 production, key industrial division unit costs and capital expenditure, alongside our Q1 production report, scheduled for release on 30 April.
Canada
The government of Quebec has extended the order for all non-essential businesses to remain closed until 4 May. Mining has been classed an essential activity with effect from 15 April. Accordingly, our Raglan (nickel) and Matagami (zinc) operations in Quebec are analysing options to restart operations before 4 May.
Colombia
In Colombia, the President imposed a 19-day quarantine for the country from 25 March. This has now been extended to 27 April. Prodeco's mining operations remain on care and maintenance, while the port continues to operate.
Peru
At our independently managed, JV operation, Antamina (Glencore share 33.75%), a decision has been taken to de-mobilise the workforce and halt operations for a likely period of approximately 2 weeks. The primary focus of the operation is to ensure the health and safety of its workforce and surrounding communities. During suspension of operations, the camp will be thoroughly disinfected and increased protocols put in place for those arriving at / departing from site. These protocols include enhanced medical screening, transportation and social distancing measures, in accordance with Peruvian guidelines.
South Africa
The South African government has extended its nationwide lockdown to 30 April. Our ferroalloys and two of our coal (Middleburg and Graspan) operations currently remain on care and maintenance.
Zambia
Following Mopani's recent announcement regarding the transition of its mining operations to care and maintenance, Glencore is currently in discussions on the way forward with the Government of Zambia.
Supporting our workforce and local communities
For all our offices and industrial assets that are continuing to operate, we continue to implement various additional precautionary measures to protect our employees. We recognise the uncertainty caused by the current environment and endeavour to support our workforce and local communities, as appropriate.
Our local teams are working closely with governments, health agencies and other key responders to identify their needs to provide the most effective response possible. In order to support these efforts, we recently launched the $25m Glencore Community Support Fund. This fund will complement existing efforts by our local teams to provide the support their communities need most at this time.
For further information please contact:
Investors | |||
Martin Fewings | t: +41 41 709 2880 | m: +41 79 737 5642 | martin.fewings@glencore.com |
Maartje Collignon | t: +41 41 709 3269 | m: +41 79 197 4202 | maartje.collignon@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. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by its global marketing network.
Glencore's customers are 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. Glencore's companies employ around 160,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
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Disclaimer
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.