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GLN:Disclosure On Tailings Storage Facilities
GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
Baar, Switzerland
07 June 2019
Disclosure on Tailings
Storage Facilities
Today, Glencore launched a microsite that provides detailed information on our
tailings storage facilities (TSFs).
Earlier this year, the world was shocked by the tragic and devastating impact
of the Brumadinho dam failure in Brazil. Quite rightly, the mining sector’s
investors and communities subsequently called on extractive companies to
increase their disclosure on their TSFs.
At Glencore, we are committed to operating in a responsible manner across all
aspects of our business. This includes the management of the waste generated
from our mining activities. A TSF failure is unacceptable and represents a
catastrophic risk. We review our catastrophic risks to understand whether they
are adequately controlled and put in place appropriate management and mitigation
measures.
Glencore utilises a group-wide approach to evaluating exposure to and the
controls associated with all identified catastrophic hazards. This programme
uses third party expertise to ensure that leading practice is incorporated into
our approach. TSFs have been part of Glencore’s catastrophic hazard evaluation
programme for a number of years and have drawn on external expertise applying
leading standards from CDA (Canadian Dam Association), ICOLD (International
Commission on Large Dams) and ANCOLD (Australian National Committee on Large
Dams).
Our group-wide dam integrity and safety assurance programme involves an
assessment against over 100 dam safety and leading practice criteria. As part
of our approach, we utilise the services of Klohn Crippen Berger, one of the
world’s leading experts on TSF assurance, to independently audit and assess the
integrity and safety of our TSFs.
In addition, assets are required to conduct regular dam safety inspections, as
well as undertaking independent dam safety audits.
On the launch of the microsite, Ivan Glasenberg, chief executive officer, said,
“Safety is a core value at Glencore. The safety of our workforce and the
communities living around our assets is a priority during all of our operational
activities. Appropriately managing the safety of our TSFs is part of our
commitment to act as a responsible operator and to minimise our direct and
indirect impacts on the environment.”
The TSF microsite can be accessed using the following link:
https://www.glencore.com/sustainability/Tailings
Follow us on social media:
For further information, please contact:
Investors
Martin Fewings t: +41 41 709 m: +41 79 737 martin.fewings@glencore.com
Ash Lazenby 2880
t: +41 41 709 5642
m: +41 79 543 ash.lazenby@glencore.com
Media 2714 3804
Charles Watenphul t: +41 41 709 24 m: +41 79 904 33 charles.watenphul@glencore.com
Sustainability 62 20
Anna Krutikov t: +41 41 709 34 m: +41 79 737 55 anna.krutikov@glencore.com
26 82
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 90 commodities. The Group's operations
comprise around 150 mining and metallurgical sites, oil production assets and
agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources,
Glencore's industrial and marketing activities are supported by a global network of more
than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel,
power generation, oil and food processing sectors. We also provide financing, logistics
and other services to producers and consumers of commodities. Glencore's companies
employ around 158,000 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.
www.facebook.com/Glencore
www.flickr.com/photos/glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/8518
www.slideshare.net/glencore
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.
SPONSOR
Absa Bank Limited, acting through its corporate and investment banking division
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