ASK GLENCORE

Argentina

How we seek to create value for the economy and society in Argentina and how we’re planning for responsible closure.

What do you do in Argentina?

In Argentina, our mining interests include the copper–gold mine at Alumbrera and the zinc–lead operation at Aguilar.

Glencore Agriculture, in which we have a 49.9% stake, also has major interests in Argentina – including a large-scale soybean crushing plant at Timbúes.

What taxes and royalties do you pay?

In 2017, we paid USD74.9 million to Argentina’s regional and national governments in taxes and royalties. 

What social contributions are you making at Alumbrera?

We seek to have positive impacts on the regional society and economy – and minimise negative social impacts when mining activities stop.

Since 1999, Alumbrera has invested USD62 million in sustainable development, including investments in community development and skills.

Of the total expenditure made over 19 years, 45.8% was spent on infrastructure projects and 54.2% on community projects.

We will continue to offer development opportunities at the end of our operations, through training and sustainable activities for our employees, communities and value chain.

How are you planning for the closure of the mine at Alumbrera?

We project that Alumbrera’s mine will reach the end of its life in 2018. Mine closure at this scale is unprecedented in Argentina – but as at all our assets, we have a closure plan to ensure a responsible exit after operations cease.

Mine closure planning is a complex and long-term process, with effects spanning generations. In our plan, we have considered environmental, economic and social aspects of closure, in line with our approach of long-term sustainable development.

What environmental steps are you taking as part of the mine closure?

Environmentally, we are taking the following steps:

  • Make the site chemically stable, by preventing acid rock drainage
  • Attain physical stability in waste dumps, the tailings dam and open pit
  • Recover the disturbed area’s capacity to sustain wildlife
  • Restore or attain a balance in the hydrographic network, and achieve a landscape compatible with the surrounding area