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Glencore Canada

About the Glencore

Dec 15, 2015

Glencore plc is a leading integrated commodity producer and marketer, operating worldwide. Our business covers over 90 commodities encompassing metals & minerals, energy products and agricultural products as well as related marketing and logistics activities.
 
Metals & Minerals
These businesses include copper, zinc & lead, nickel, ferroalloys, alumina & aluminium and iron ore production and marketing. We have interests in both controlled and non-controlled industrial assets that include mining, smelting, refining and warehousing operations.

Energy Products
These businesses cover industrial and marketing activities for coal and oil, including controlled and non-controlled coal mining and oil production operations, and investments in strategic handling, storage and freight equipment and facilities.

Agricultural Products
This business is focused on grains, oils & oilseeds, cotton and sugar. Agricultural Products is supported by both controlled and non-controlled storage, handling and processing facilities in strategic locations.

Our diversified operations comprise over 150 mining and metallurgical, oil production and agricultural assets. Our industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. We employ around 181,000 people, including contractors.





We trade in and distribute physical commodities sourced from third party producers as well as our own production. We also provide financing, processing, storage, logistics and other services to commodity producers and consumers.

 
Our business model
 
Our unique business model means we cover a wide range of products, activities and locations, with a presence at every stage of the commodity chain. Our scale and diversity makes us a particularly reliable and competitive supplier of quality products, with extensive market knowledge and wide logistics capabilities. Most of our major suppliers and customers have dealt with us for many years. 

 
Sustainable approach
• We believe that our global presence and economic strength benefit socio-economic development in our host countries
• Our corporate sustainability framework, Glencore Corporate Practice (GCP), balances societal, environmental, ethical and commercial interests at every level of the Group
 
Insight
• Our scale and global reach give us valuable insight into market flows and access to real-time information across the globe
• Long-term offtake supplier agreements provide us with supply security and visibility of the wider market
 
Extract & produce
• We operate assets that we wholly own or where we have majority ownership
• We make long-term investments in our assets and prioritise being a competitive producer
• Our assets focus on controlling costs while operating sustainably
 
Blending & optimisation
• Our marketing teams source diverse physical commodities from our own production and from third parties; they sell these with value-added services such as freight, insurance, financing and storage
• Access a broad spectrum of commodities in different grades and specifications to meet customer requirements

Financial profile
We have a long track-record of value creation across economic cycles. We use hedging strategies to protect against price risks, meaning that a material portion of our earnings is less correlated to commodity prices. This ensures that our marketing profitability is primarily determined by volume activity conditions and value-added services, rather than absolute price
 
Explore, acquire & develop
• Our focus on brownfield sites and exploration close to existing assets lowers our risk profile and lets us use existing infrastructure, realise synergies and control costs
• We evaluate each industrial investment opportunity on a standalone basis and on its potential to strengthen our marketing activities or existing industrial assets
 
Processing & refinement
• Our expertise and technology advantage in processing and refining activities enable us to optimise our end products for a wider customer base
• We purchase additional product as required from third parties, for smelting, refining and blending
 
Logistics & delivery
• We have a worldwide network of storage and logistics assets in key strategic locations, including metal warehouses accredited by the LME, and many oil and grain storage facilities
• Flexibility to implement blending strategies and manage product delivery in line with contractual quality requirements
• Our value-added services make us a preferred counterparty and strengthen our long-term relationships


Source: http://www.glencore.com/who-we-are/what-we-do/

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