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GLN - Third Quarter 2018 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
NEWS RELEASE
Baar, 26 October 2018
Third Quarter 2018 Production Report
Highlights
To view the full report please click here:
http://www.glencore.com/dam/jcr:fff530fd-f091-4e65-8603-51adb6dc6603/GLEN-2018-Q3-ProductionReport.pdf
• Own sourced copper production of 1,063,100 tonnes was 116,600 tonnes (12%) higher than the comparable
2017 period and own sourced cobalt production of 28,500 tonnes was 8,700 tonnes (44%) higher, mainly
reflecting the restart of Katanga’s processing operations.
• Own source zinc production of 786,000 tonnes was 41,400 tonnes (5%) down on the comparable 2017 period,
reflecting 92,100 tonnes of zinc in the base period relating to the African assets sold to Trevali
Mining, partly offset by a strong mining performance at McArthur River and the restart of mining at
Lady Loretta (Mount Isa). Adjusting for the disposal, zinc production was up 50,700 tonnes (7%).
• Own sourced nickel production of 90,900 tonnes was 10,200 tonnes (13%) higher than the comparable 2017
period, mainly reflecting the progressive ramp-up of Koniambo, with its second production line.
• Attributable ferrochrome production of 1,145,000 tonnes was in line with the comparable 2017 period.
• Coal production of 96.7 million tonnes was 5.7 million tonnes (6%) higher than the comparable 2017
period, reflecting the acquisition of interests in the HVO and Hail Creek mines in Australia in May
and August 2018 respectively and the recovery in Australia from weather-related disruption and
industrial action in 2017. These factors were partly offset by reduced production at Prodeco as
additional overburden removal is carried out to optimise production and costs going forward.
• Entitlement interest oil production of 3.4 million barrels was 0.5 million barrels (14%) below the
comparable 2017 period, mainly reflecting the natural field decline rate in the liquids phase at the
offshore fields in Equatorial Guinea, partly offset by increased production in Chad.
• Full year production guidance is set out on page Error! Bookmark not defined..
For further information please contact:
Investors
Martin Fewings t: +41 41 709 2880 m: +41 79 737 5642 martin.fewings@glencore.com
Ash Lazenby t: +41 41 709 2714 m: +41 79 543 3804 ash.lazenby@glencore.com
Media
Charles Watenphul t: +41 41 709 2462 m: +41 79 904 3320 charles.watenphul@glencore.com
www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
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 146,000 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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Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct
legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only
where references are made to Glencore plc and its subsidiaries in general. These collective expressions
are used for ease of reference only and do not imply any other relationship between the companies.
Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or
to those who work for them. These expressions are also used where no useful purpose is served by
identifying the particular company or companies.
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)
Date: 26/10/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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