Glencore

Glencore is a leading global commodity trading and mining company. Founded in 1974, the company is headquartered in Baar, Switzerland, and employs over 160,000 people in more than 50 countries. It is one of the world’s largest commodities trading and mining companies, operating in a wide range of commodities including energy products, metals and minerals, and agricultural products. The company has a strong presence in the global energy market and is actively involved in the extraction, production, and refining of oil, gas, and metals. It also operates a significant portfolio of industrial and agricultural assets and services.

Glencore is a major player in the global commodities industry and plays a vital role in connecting producers and consumers of raw materials. By providing access to global markets, the company helps producers to maximize their returns and consumers to access essential resources. The company has a track record of delivering strong financial performance, with revenues of over US$205 billion and profits of US$2.3 billion in 2019.

Glencore is committed to sustainable development and has implemented a wide range of initiatives to reduce its environmental footprint. These include implementing energy efficiency measures, investing in renewable energy, and reducing water and air pollution. The company is also committed to responsible labour practices, including promoting human rights and adhering to international labour standards.

1906: Beginning of the year, Grain Growers’ Grain Company, a farmers’ cooperative founded in the prairie provinces of western Canada, was the earliest predecessor to what is now Viterra, a leading marketer and handler of grains, oilseeds and pulses.

1922: Our rich mining history in this country began when Noranda Mines was incorporated with the signing of its Letters Patent on May 16.

1927: At the original site of Noranda, the Horne Smelter was established.

1928: The precursor to our nickel business was established when Thayer Lindsley, often referred to as the greatest mine finder of all time, purchased mining claims containing rich deposits of nickel-copper ore in the area northeast of Sudbury, Ontario.

1930: Falconbridge expanded its mining site and established the Sudbury Smelter to process material.

1931: Noranda opened the CCR refinery in Montréal-Est, Quebec, which processes all the copper produced by the Horne Smelter, and provides services to metal producers, mines, copper smelters and other refineries.

1932: The mill and sintering facility began its operations.

1952: The Falconbridge Metallurgical Laboratory was established and served as the precursor to our Expert Process Solutions (XPS), a licensed metallurgical consulting, technology and test work company that serves the global mining industry.

1955: General Smelting of Canada was founded in Lachine, Quebec, as part of our zinc business, and is today one of North America’s most established manufacturers of the cast, rolled, extruded, welded and machined lead and tin-based products and alloys.

1966: Our zinc business expanded yet again as Kidd Operations, the world’s deepest base-metal mine below sea level, went into production in Timmins, Ontario.

1974: Glencore’s origins date back to 1974 when Marc Rich + Co AG was established, initially focusing on the marketing of ferrous and non-ferrous metals and minerals, crude oil and oil products.

1981: Granaria, a Dutch grain trading company was acquired, which later becomes Glencore Agriculture.

1993: After a management buyout from Marc Rich, the company was renamed Glencore.

2000: According to Forbes, it is considered one of the top 2000 largest public companies in the world.

2001: Three years after the Teralba mine’s closure, an Envirogen power station was built to use fugitive methane emissions from the old New South Wales mine.

2002: Xstrata plc was created through an initial public offering on the London Stock Exchange, acquiring Glencore’s Australian and South African coal assets and making it the world’s largest exporter of thermal coal.

2003: Xstrata doubled in size with the $2.9 billion takeover of Australian copper, coal, zinc and lead mining and processing company, MIM Holdings Limited. Glencore Agriculture began operations in Australia.

2011: The company's name doesn't give much away about what it does, and it's a relative newcomer to the public markets, listing on the London Stock Exchange. Cumnock remains a part of our Ravensworth Surface Operations since closing that year and is being rehabilitated while adjoining Narama and Ravensworth North open-cut mines continue to produce thermal coal.

2013: Glencore completed the merger with Xstrata, an Anglo-Swiss multinational mining company.

2017: Capital approvals were granted for Sudbury INO’s Onaping Depth project as well as for Raglan Mine’s Sivumut project.

“Glencore is committed to advancing everyday life by supplying the commodities needed to develop, sustain and improve the world around us. It's why we come to work and it's what we do.”

“We want to bring about long-term growth and opportunity for all our stakeholders, including customers, shareholders, employees, and the communities and countries in which we operate.”