Glencore Strengthens Presence in Peru with Acquisition of the Quechua Project adjacent to its Antapaccay operation

Baar, Switzerland
16 December 2025

Glencore Peru Holding, a Peruvian entity controlled by Glencore, has announced the acquisition of 100% of the shares of Compañía Minera Quechua S.A., including full ownership of the Quechua copper project located in Espinar, Cusco.

“The addition of the Quechua project to our portfolio further expands our investment in Espinar. More importantly, the project has the potential to support our Antapaccay mine given its close proximity to the operation and its Coroccohuayco project,” said Luis Rivera, Chief Operating Officer of South America at Glencore.

“The area is highly mineralized, offering volume upside and longevity,” said Jon Evans, Industrial Lead Copper at Glencore.

Antapaccay, Coroccohuayco and Quechua:

$A map of land with pink dots AI-generated content may be incorrect.$

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

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

About Glencore in Peru

Antapaccay, a 100% Glencore-owned operation, produces copper concentrate since 2012 in Espinar (Cusco). In 2024, it produced 146 thousand tons of copper in concentrate, generated around 4,500 direct and indirect jobs, and recorded S/ 302 million in local purchases.

Glencore is also the owner of the Coroccohuayco project, is one of the shareholders of Compañía Minera Antamina and runs logistic and marketing businesses in Peru.

Glencore Group

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.

With over 150,000 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 more than 50 offices.

Glencore’s customers are 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.

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.

We support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. For more information see our 2024-2026 Climate Action Transition Plan, available on our website at glencore.com/publications.

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 2024 Annual Report, which is available at glencore.com/publications. 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.