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GLENCORE PLC - GLN - First Quarter 2015 Production Report

Release Date: 05/05/2015 08:02
Code(s): GLN     PDF:  
Wrap Text
GLN - First Quarter 2015 Production Report

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
5 May 2015
                            First Quarter 2015 Production Report

-   Own sourced copper production down 9% to 350,700 tonnes, reflecting grade reductions at
    Alumbrera and Antamina due to mine sequencing and a planned maintenance shutdown at
    Collahuasi.
-   Own sourced zinc production up 16% to 356,200 tonnes, driven by the expansions at Lady Loretta
    (Mount Isa) and McArthur River. Some temporary plant downtime at McArthur River and lower grades
    at Kazzinc, Matagami and Rosh Pinah resulted, however, in an 8% decline on a quarterly sequential
    basis.
-   Own sourced nickel production was 23,800 tonnes, up 7% relating to the higher contribution from
    Koniambo. Production issues at Koniambo, however, resulted in sequential quarterly production being
    down 8%.
-   Attributable ferrochrome production up 15% to 385,000 tonnes, driven by the Lion 2 expansion
    project.
-   Own sourced coal production was 35.6 million tonnes, 4% higher than the comparable period due to
    higher production from South Africa where two new projects were since commissioned.
-   Glencore oil entitlement production up 52% to 2.6 million barrels, reflecting the ramp-up at Badila and
    Mangara and the impact of higher ownership of the Chad assets following the Caracal acquisition in
    July 2014.
-   Overall Q1 2015 copper equivalent production was up 7% compared to Q1 2014 and sequentially in
    line with Q4 2014.

To view the full report please click here:
http://www.glencore.com/assets/investors/doc/reports_and_results/2015/GLEN-2015-Q1-Production-
Report.pdf

For further information please contact:

Investors:                            Media:
Paul Smith                            Charles Watenphul
t: +41 (0) 41 709 2487                t: +41 (0)41 709 24 62
m: +41 (0) 79 947 1348                m: +41 (0)79 904 33 20
e: paul.smith@glencore.com            e: charles.watenphul@glencore.com

Investors:                            Investors:                          Media:
Martin Fewings                        Elisa Morniroli                      Pam Bell
t: +41 (0)41 709 28 80                t: +41 (0) 41 709 2818               t: +44 20 7412 3471
m: +41 (0)79 737 56 42                m: +41 (0) 79 833 0508               m: +44 7799 626 715
e: martin.fewings@glencore.com        e: elisa.morniroli@glencore.com      e: pam.bell@glencore.co.uk

www.glencore.com

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 of over 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. We also provide financing, logistics and other services to producers and
consumers of commodities. Glencore's companies employ around 181,000 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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