Disclosure on Tailings Storage Facilities
Source: RNSGlencore plc
Baar, Switzerland
7 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
Ends.
For further information, please contact:
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Investors |
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Martin Fewings |
t: +41 41 709 2880 |
m: +41 79 737 5642 |
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Ash Lazenby |
t: +41 41 709 2714 |
m: +41 79 543 3804 |
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Media |
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Charles Watenphul |
t: +41 41 709 24 62 |
m: +41 79 904 33 20 |
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Sustainability |
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Anna Krutikov |
t: +41 41 709 34 26 |
m: +41 79 737 55 82 |
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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.
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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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
