Prodeco commences formal relinquishment process following approval from the Colombian National Mining Agency
6 September 2021
Further to the announcement on , Glencore can confirm that its Colombian subsidiary, Prodeco has been formally notified by the National Mining Agency (ANM) that it has accepted the relinquishment of Prodeco’s key mining contracts back to the Republic of Colombia.
The mines will remain on care and maintenance (C&M) until the formal process of relinquishing the contracts is complete.
During the relinquishment process, Prodeco will comply fully with all its environmental and social obligations arising from its mining operations and the termination thereof. Prodeco will continue to work with the national, regional, and local authorities toward the proper completion of this process.
Further updates will be issued as appropriate.
For further information please contact:
t: +41 41 709 28 80
m: +41 79 737 56 42
t: +41 41 709 24 62
m: +41 79 904 33 20
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 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing 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's companies employ around 135,000 people, including contractors.
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. Our ambition is to be a net zero total emissions company by 2050.