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Proposed Sale of Cobar and/or Lomas Bayas Copper Mines
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
12 October, 2015
Proposed Sale of Cobar and/or Lomas Bayas Copper Mines
Glencore today announces the commencement of a process to sell its wholly-owned Cobar
copper mine in Australia and Lomas Bayas copper mine in Chile. The sale process is in
response to Glencore receiving a number of unsolicited expressions of interest for these mines
from various potential buyers. This will allow potential buyers to bid to purchase either one or
both of the mines and may or may not result in a sale. Glencore will issue an update only in the
event a sale is agreed or disclosure is otherwise required.
About Cobar:
Cobar is a high-grade underground copper mine and a concentrate plant in central western
New South Wales, Australia. The plant throughput is approximately 1.1 million tonnes of ore
per annum and it produces approximately 50,000 tonnes of copper in concentrate per annum.
About Lomas Bayas:
Lomas Bayas is a low-cost, open pit copper mine which is located in the Atacama desert, 120
kilometers north-east of the port of Antofagasta, Chile. The low grade copper ore mined at this
facility is processed by heap leaching and converted to copper cathode after processing
through the SX-EW plant. The Lomas Bayas operation produces approximately 75,000 tonnes
of copper cathode per annum.
For further information please contact:
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: +44 20 7412 3471 m: +44 77 3031 9806 pam.bell@glencore.co.uk
www.glencore.com
www.youtube.com/glencorevideos
Notes for Editors
Page 2
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)
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