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GLENCORE PLC - Market Update

Release Date: 30/09/2015 09:44
Code(s): GLN     PDF:  
Wrap Text
Market Update

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
30 September, 2015

Media statement
In response to numerous enquiries, the Company has issued the following statement to the
media:

Glencore has taken proactive steps to position our company to withstand current commodity
market conditions.

Our business remains operationally and financially robust – we have positive cash flow, good
liquidity and absolutely no solvency issues.

We are getting on and delivering a suite of measures to reduce our debt levels by up to
US$10.2 billion.

Thanks to long term relationships we have with the banks.

We remain focused on running efficient, low cost and safe operations and are confident the
medium and long-term fundamentals of the commodities we produce and market remain strong
into the future.

For further information please contact:

Glencore plc
Investors
Paul Smith           t: +41 41 709 24 87   m: +41 79 947 13 48    paul.smith@glencore.com
Martin Fewings       t: +41 41 709 28 80   m: +41 79 737 56 42    martin.fewings@glencore.com
Elisa Morniroli      t: +41 41 709 28 18   m: +41 79 833 05 08    elisa.morniroli@glencore.com
Media
Charles Watenphul    t: +41 41 709 24 62   m: +41 79 904 33 20    charles.watenphul@glencore.com
Pam Bell             t: +41 79 833 05 08   m: +44 77 303 19 806   pam.bell@glencore.co.uk
Company
Secretarial
John Burton          t: +41 41 709 26 19   m: +41 79 944 5434     john.burton@glencore.com
Nicola Barrett       t: +41 41 709 27 55   m: +41 79 735 3916     nicola.barrett@glencore.com


www.glencore.com
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www.youtube.com/glencorevideos

About the Company

Glencore is one of the world's largest global diversified natural resource companies and a
major producer and marketer of more than 90 commodities. Glencore'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.




Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

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