GLENCORE PLC - Glencore to reduce mine production by 500,000 tonnes of zinc metal per annum

Glencore to reduce mine production by 500,000 tonnes of zinc metal per annum

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
9 October, 2015

Glencore to reduce mine production by 500,000 tonnes of zinc metal per annum

Glencore is announcing today a 500,000 tonne reduction of contained zinc metal mine
production across its operations in Australia, South America & Kazakhstan. The main reason
for the reduction is to preserve the value of Glencore’s reserves in the ground at a time of low
zinc and lead prices, which do not correctly value the scarce nature of our resources.

These changes, which represent around one-third of Glencore’s annual zinc production, will
reduce fourth quarter 2015 mine production by approximately 100,000 tonnes of contained zinc
metal.

Glencore's operations at Lady Loretta in Australia and Iscaycruz in Peru will be suspended and
operations at George Fisher and McArthur River in Australia and various mine operations in
Kazakhstan will reduce production levels.

Glencore remains positive about the medium and long term outlook for zinc, lead and silver
prices. This decision will ensure that our zinc operations are sustainable well into the future,
providing jobs in the communities where we operate and returns to shareholders.

These changes, although temporary, will unfortunately affect employees at our operations. This
decision has not been taken lightly. In the coming days we will engage with all employees and
put in place support services to assist people who may be affected as a result of these
changes.

Operation                                         Estimated annual reduction (kt Zinc metal)
George Fisher & Lady Loretta (Mt Isa)                                 245
McArthur River                                                        135
Other zinc (South America)                                             80
Kazzinc                                                                40
Group change                                                          500


Estimated annual reduction (kt Lead metal)Group change                                                          100

For further information please contact:

Investors
Paul Smith          t: +41 41 709 24 87   m: +41 79 947 13 48   paul.smith@glencore.com
                                                                                                  Page 2

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: +44 20 7412 3471     m: +44 77 3031 9806     pam.bell@glencore.co.uk

www.glencore.com

www.youtube.com/glencorevideos
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 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)

Date: 09/10/2015 07:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.