Glencore PLC Update on COVID-19 (5309J)
April 14 2020 - 2:53AM
UK Regulatory
TIDMGLEN
RNS Number : 5309J
Glencore PLC
14 April 2020
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, w e 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 m: +41 79 737 martin.fewings@glencore.com
709 2880 5642
Maartje Collignon t: +41 41 m: +41 79 197 maartje.collignon@glencore.com
709 3269 4202
Media
Charles Watenphul t: +41 41 m: +41 79 904 charles.watenphul@glencore.com
709 24 62 33 20
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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www.twitter.com/glencore
www.youtube.com/glencorevideos
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.
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END
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