REG - Glencore PLC - Glencore Notes Ruling re Collahuasi

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RNS Number : 6934E  Glencore PLC  18 May 2026

 

 

Glencore plc

Baar, Switzerland

18 May 2026

 

Glencore notes ruling by the Chilean Second Environmental Tribunal regarding
Collahuasi

 

Glencore does not currently expect any immediate impact on production

 

Glencore notes the 15 May ruling in Chile by the Second Environmental Tribunal
which purports to set aside the Environmental Authorisation (RCA) issued by
the Environmental Assessment Service (SEA) to the independently managed
Collahuasi copper mine in 2021 for the "Infrastructure Development and
Production Capacity Improvement" project that includes the development of a
water desalination plant for Collahuasi, which is now almost complete.

Glencore understands from the Tribunal's own press release that its ruling is
limited to two specific aspects relating to analysis on the effects on a local
community and on the marine environment. Collahuasi is currently in the
process of seeking full clarification from the Tribunal and the SEA in order
to determine the specific effects of its ruling, the matters that it requires
SEA to re-examine, and any impact on Collahuasi's operation.

Based on the information currently available and subject to the existing
alternative water sources for Collahuasi, Glencore does not currently expect
any immediate impact on production.

Collahuasi has confirmed that the environmental permitting process for the
project was carried out in accordance with local regulations and under the
relevant environmental framework. The RCA was obtained in December 2021,
following a rigorous assessment process led by the SEA, including the
indigenous consultation defined by the competent authority. This was
subsequently confirmed by the Ministers Committee in August 2023.

Collahuasi has stated that it will continue to work in coordination with the
relevant authorities and stakeholders, acting responsibly and in accordance
with the legal framework, in order to determine the appropriate next steps.

Glencore will provide further updates as appropriate.

 

For further information please contact:

 Investors
 Martin Fewings     t: +41 41 709 28 80  m: +41 79 737 56 42  martin.fewings@glencore.com
 Media
 Charles Watenphul  t: +41 41 709 24 62  m: +41 79 904 33 20  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 60 commodities.
Through a network of assets, customers and suppliers that spans the globe, we
produce, process, recycle, source, market and distribute the commodities that
advance everyday life.

 

With over 140,000 employees and contractors and a strong footprint in over 30
countries in both established and emerging regions for natural resources, our
marketing and industrial activities are supported by a global network of
offices.

 

Glencore's customers are principally industrial consumers, such as those in
the automotive, steel, power generation, battery manufacturing and oil
sectors. We also provide financing, logistics and other services to producers
and consumers of commodities.

 

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Important Information

This material does not purport to contain all of the information you may wish
to consider. For further important information, including in connection with
forward-looking statements and other cautionary information, refer to the
Important notice section of Glencore's 2025 Annual Report, which is available
at glencore.com/publications. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements to differ materially from
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expressed or implied by such forward-looking statements. This document does
not constitute or form part of any offer or invitation to sell or issue, or
any solicitation of any offer to purchase or subscribe for any securities.

 

Other information

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.

 

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