Wrap Text
Production Report for the 12 months ended 31 December 2016
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
2 February, 2017
Production Report for the 12 months ended 31 December 2016
Production highlights
- Full year production was in line with guidance, reflecting production suspensions in copper, zinc, coal
and oil.
- Solid Q4 2016 production across the board.
- Own-sourced copper production of 1,425,800 tonnes was 5% lower than 2015, reflecting the
suspended production at our African Copper assets, partly offset by higher grades and throughput
within the South American portfolio.
- Own-sourced zinc production of 1,094,100 tonnes was 24% down on 2015, due to the October 2015
announced production curtailments, mainly in Australia and Peru.
- Own-sourced nickel production of 115,100 tonnes was 20% higher than 2015, when major prior year
scheduled maintenance impacted throughput at the Sudbury smelter.
- Coal production of 124.9 million tonnes was 5% down on 2015, mainly reflecting the divestment of
Optimum Coal.
- Glencore’s entitlement oil interest of 7.5 million barrels was 29% lower than 2015, due to depletion of
existing fields.
- 2017 production guidance, unchanged from the Investor Update on 1 December 2016, is detailed on
page 19 of the full report.
- Our Resources & Reserves report for 2016, also published today, highlights good progress being
made on our various potential extension projects and some exploration successes, including:
- Coroccohuayco (Antapaccay) upgraded 184 million tonnes to ore reserves at ~1% copper;
- Zhairem (Kazzinc) upgraded over 60 million tonnes to ore reserves with >4% zinc;
- Vasilkovskoye’s gold ore reserve base (Kazzinc) increased by 14 million tonnes (16%), with
resources up by 44 million tonnes.
To view the full report please click here:
http://www.glencore.com/assets/investors/doc/reports_and_results/2016/GLEN-2016-Q4-Production-
Report-.pdf
For further information please contact:
Investors
Martin Fewings t: +41 41 709 2880 m: +41 79 737 5642 martin.fewings@glencore.com
Carlos Francisco t: +41 41 709 2369 m: +41 79 129 9195 carlos.fernandez@glencore.com
Fernandez
Media
Charles Watenphul t: +41 41 709 2462 m: +41 79 904 3320 charles.watenphul@glencore.com
Pam Bell t: +44 20 7412 3471 m: +44 77 3031 9806 pam.bell@glencore.co.uk
www.glencore.com
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 160,000 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.
Follow us on social media:
www.facebook.com/Glencore
www.flickr.com/photos/glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/8518
www.slideshare.net/glencore
www.twitter.com/glencore
www.youtube.com/glencorevideos
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)
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