TIDMGLEN
RNS Number : 7527H
Glencore PLC
26 March 2020
Glencore plc
Baar, Switzerland
26 March 2020
Update on COVID-19
Glencore would like to provide an update relating to the impact
of COVID-19 on its operations. Various governments have imposed
far-reaching restrictions to daily life and economic activity, and
we have been engaging with the relevant authorities, unions and
other stakeholders to understand the impact of these measures on
our operations.
We have introduced a number of precautionary measures across our
offices and industrial assets in response to COVID-19. This
includes the implementation of enhanced hygiene and cleaning
measures, application of social distancing and identification of
higher risk groups. O ur goal is to operate only when we can keep
our people safe and healthy, while safeguarding jobs and providing
support to our local communities.
To date, our larger operations have not been materially
impacted, however a number of our smaller assets have had to
restrict or stop operations.
Canada
The government of Quebec has ordered all non-essential
businesses to close in an attempt to slow the spread of COVID-19.
Accordingly, our Raglan (nickel) and Matagami (zinc) operations in
Quebec will be on care and maintenance for the next three weeks. In
Ontario, the government has issued a similar decree, but mining has
been designated an essential business and therefore our assets can
continue to operate.
Chad
Due to the disruptions to international mobility, transportation
and supply chains, Glencore's wholly owned subsidiary, PetroChad
(Mangara) Limited ("PCM") has taken steps to commence ceasing
production at its Badila and Mangara oil fields. The facilities at
the fields will be secured and remain on care and maintenance while
PCM monitors the situation. The transition to care and maintenance
is expected to complete towards the end of April.
Colombia
In Colombia, the President imposed a 19-day quarantine for the
country from 25 March. Although the Presidential decree has
exempted mining, growing community tensions and restrictions on
logistics have made it very difficult to ensure the continued and
safe operation of Prodeco (coal) and the security of its host
communities. Accordingly, Prodeco has transitioned to care and
maintenance. The port will continue to operate.
South Africa
The South African government has announced a nationwide lockdown
for 21 days from 26 March. We have been engaging with the
authorities to understand the impact of the lock-down on our
operations. In accordance with the guidance received from the
authorities:
- Our ferroalloys operations in South Africa will transition to
care and maintenance with effect from 26 March;
- The majority of our South African coal operations supply Eskom
under a variety of contracts. During the nationwide lockdown, we
will continue to supply coal to Eskom under the guidelines issued
by the Department of Mineral Resources. Any export of coal will
need to be approved by the Department of Mineral Resources. With
effect from midnight tonight, the Middleburg and Graspan coal
operations will be on care and maintenance, supported by skeleton
crews to maintain essential services.
Supporting our workforce and local communities
The health and wellbeing of our people, their families and the
broader community remains our number one priority. For all our
offices and industrial assets that are continuing to operate, we
have implemented 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.
The situation is evolving rapidly and we will continue to
provide updates as appropriate. We thank our employees,
contractors, customers, suppliers, communities and other
stakeholders for their support during this challenging time.
Glencore is committed to working with all its stakeholders in
helping overcome the unprecedented challenges presented by this
pandemic.
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.
www.facebook.com/Glencore
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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.
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END
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