2015 Canadian Corporate Profile

Corporate Profile CANADA
About Glencore
Glencore is one of the world’s largest global diversified
natural resource companies and a major producer and
marketer of more than 90 commodities. We employ
around 181,000 people across more than 150 mining
and metallurgical sites, oil production assets and
agricultural facilities.
With a strong footprint in both established and
emerging regions for natural resources, Glencore’s
industrial and marketing activities are supported by a
global network of more than 90 offices located in over
50 countries.
Our customers are industrial consumers, such as
those in the automotive, steel, power generation,
oil and food processing industries. We also provide
financing, logistics and other services to producers and
consumers of commodities.
Glencore is proud to be a member of the International
Council on Mining and Metals and the Voluntary
Principles on Security and Human Rights.
We are also an active participant in the Extractive
Industries Transparency Initiative.
More information is available at
www.glencore.com
Corporate Profile Canada
1
Our business model
We are uniquely diversified in respect of commodity, geography and
activity. We benefit, together with our consumers and suppliers, from
our scale and diversity, enabling us to deliver value throughout the entire
commodity chain.
Sustainable approach
Insight
Extract & produce
Blending & optimization
• We believe that our global
presence and economic
strength benefit socio-economic
development in our host
countries
• Our scale and global reach give
us valuable insight into market
flows and access to real-time
information across the globe
• We operate assets that we
wholly own or where we have
majority ownership
• 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
• Our corporate sustainability
framework, Glencore Corporate
Practice (GCP), balances
societal, environmental, ethical
and commercial interests at
every level of the Group
• We make long-term
investments in our assets and
prioritize being a competitive
producer
• Long-term offtake supplier
agreements provide us with
supply security and visibility of
the wider market
• Our assets focus on controlling
costs while operating
sustainably
• We have access to a broad
spectrum of commodities
in different grades and
specifications to meet customer
requirements
3
3
PART
RD
3
C
C
C
H
H
M
INSI GHT
EXPLORE,
ACQUIRE
& INSI
DEVELOP
GHT
EXT RACT &
PRODUCE
EXT RACT &
PRODUCE
PART
RD
BLEND &
OPTIMIZE
PART
RD
BLEND &
OPTIMIZE
BLEND &
OPTIMIZE
PROCESS
& REFIN E
LOGISTICS
LOGISTICS
& DELIVERY
GL O
GL O
RP
OP ERLAOPLEO
ATER AT
TI
I
I
BA BA
LOGISTICS
LOGISTICS
& DELIVERY
LOGISTICS
LOGISTICS
& DELIVERY
PROCESS
& REFIN E
PROCESS
& REFIN E
L
BA
H
EXPLORE, ACQUIRE
& DEVELOP
EXPLORE, ACQUIRE
& DEVELOP
Y
EXT RACT &
PRODUCE
Y
INSI GHT
Y
M I&NE
MR
IN
S &S
SE& M INE R
AL AL
AL A L RA L
AL
ET ET
ET
S S
S
M
M
ERNGEYR GYNER GY
N
E E
E
SU
I A L PRI A L P
I ARL PR
I L E O FI LOEFI L E
A N C IN A NINCAONFC
F F
SU
F IN
E&
L E&A
LA
LS
IM
IM
S
BI M
BA
PBLP
PELP&AS
PLP
RTN
INEAN AR
INEANR
INAE
R
OEA ARTOEAARTOEA
TA
T TA
M
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SL
SL SL
TUR
LTE
IC U LIC
RU
RUIC
E LT U RE
A G RA G R A G
SU
GL O
Processing &
refinement
• 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
• Our expertise and technology
advantage in processing and
refining activities enable us to
optimize our end products for a
wider customer base
• We evaluate each industrial
investment opportunity on
a standalone basis and on its
potential to strengthen our
marketing activities or existing
industrial assets
• We purchase additional
product as required from third
parties, for smelting, refining
and blending
S
Explore, acquire &
develop
S
• 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
ON
Financial profile
S
3 R D PA R T Y
ON
3 R D PA R T Y
ON
3 R D PA R T Y
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
• We have the 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
2
Glencore
About Glencore in Canada
Canada is an important part of our global business. We’ve
operated here for more than 100 years, and have interests
in a range of businesses across the country.
Our Canadian facilities form a significant part of
Glencore’s global business. Our sites span seven
provinces and we employ around 7,500 people.
In many of our industries, we explore and source
the commodity; produce it; process and refine it;
market and blend it; and ultimately handle, store
and transport it to customers around the world.
Our assets include nickel, copper, coal and zinc
mining operations and projects; agricultural
facilities; and a consulting business.
Our breadth, diversity, economies of scale and
geographic reach enable us to efficiently connect our
products with their end consumers. Along the way,
we also manage the price volatility that comes with
commodity markets.
Resolute
Inuvik
Whitehorse
Iqaluit
Yellowknife
Raglan Mine
Suska Project
Sukunka Project
65 grain elevators,
9 special crop
facilities
Prince Rupert
Cascadia
St. John's
Edmonton
Pacific
Vancouver
Office
Vancouver
Canola Crushing
Plant
Calgary
Regina
Winnipeg
Viterra Offices
Rouyn-Noranda
Office
Kidd Operations
Thunder Bay
Brunswick Lead Smelter
Bracemac-McLeod
Quebec City
Montreal
(Two ports)
Agricultural Products
Port
Coal
Copper
Nickel
XPS Consulting &
Testwork Services
Sudbury Integrated
Nickel Operations
Toronto Office
(Regional headquarters)
Ottawa
Charlottetown
Fredericton
Halifax
Port of Quebec
Canola and Soybean Crushing Plant
Port of Montreal
CEZinc Refinery
CCR Refinery
Toronto
Montreal Office
General Smelting
Offices
Laval Office
XPS Consulting & Testwork Services
Horne Smelter
Zinc
Corporate Profile Canada
In 2014, we contributed $5.3 billion to the
Canadian economy.
Our most significant economic contribution comes from our
core business activities: employing people, sourcing from local
communities, and paying taxes to our host governments.
All figures are for 2014 and in US dollars unless otherwise indicated.
JOBS
TAXES & ROYALTIES
7,500
$434 m
Direct employment
across CANADA
WAGES
$676 m
Paid to gover nments
CAPITAL
INVESTMENT
$568 m
Annual wages and salar ies payments
On sustaining and
expansionary investment across our
CANADIAN businesses
SPEND
COMMUNITIES
$3.6 b
$5 m
ON CANADIAN GOODS AND SUPPLIERS
Regional community
investment initiatives
3
4
Glencore
About Glencore in Canada
For more than 100 years, we have steadily grown our
Canadian operations across our core commodities.
The majority of our growth has come through
acquisition, both global and local, but we have also
built new operations and expanded existing production
where appropriate.
We’ve consistently made large investments throughout
the commodity cycle – at times when commodity
prices are high and also at times when they are low.
Every investment we make must represent value for
shareholders.
This in turn has sustained thousands of existing
jobs and created thousands more.
Falconbridge Metallurgical
Laboratory (precursor to
what is now the
XPS Technology Centre)
Horne Smelter
1906
Grain Growers’
Grain Company
Kidd Operations
General
Smelting
Sudbury
Smelter
1927
1929
Sudbury
Mining
Camp
1930
CCR
Refinery
1931
1952
1955
CEZinc
Processing
Facility
Matagami Camp
1963
1966
Strathcona
Mill
1968
1995
Acquisiton of
Suska coal deposit
Raglan
Mine
Brunswick
Smelter
1997
2007
Signing of
the Raglan
Agreement
Falconbridge Acquisition
2010
2011
2012
Nickel Rim
South
Mine
Coal
Copper
2015
Xstrata
Acquisition
Bracemac-McLeod
Mine
Acquisiton of Sukunka
coal deposit
Viterra Acquisition
Fraser Mine
Operations
Agricultural Products
2013
Acquisition of
Twin Rivers
Technologies
Nickel
Zinc
XPS Consulting & Testwork Services
Corporate Profile Canada
About Glencore in Canada
THE COMMODITIES WE PRODUCE
PLAY AN IMPORTANT ROLE AT HOME AND
ABROAD
Our ambition is to reduce our environmental
footprint, including more efficient use of resources
such as energy and water, wherever possible.
We make a significant contribution to some of
Canada’s strongest and most competitive industries.
As well as servicing domestic markets, we export
our products all over the world.
We aim to foster sustainable growth wherever we
operate, creating shared value for our business, local
communities, government and other stakeholders.
This is central to our values and essential for our
license to operate.
In turn, these natural resources help maintain
and enhance the living standards of millions of
people. As the world’s population grows beyond
nine billion people by 2050* and living standards
continue to rise across much of the developing
world, demand for many key commodities
continues to rise.
We compete in a global marketplace to supply, trade
and transport products to consumers, and in doing
so, we create value for our shareholders.
SUSTAINABILITY IS INTEGRATED INTO
ALL ASPECTS OF OUR BUSINESS
We are proud of the work we do and are committed
to continuously improving our performance in
health, safety, environmental stewardship and
community engagement. As an absolute minimum,
we aim to meet all legislative and regulatory
requirements, and in many cases, successfully
exceed them.
‘Safe Work or Stop Work’
Every single individual has the
authority to stop unsafe work
The health and safety of our people is our
top priority. Our ambition is to be a leader
in safety and to create a workplace free from
fatalities, injuries or occupational diseases.
In 2014 we commenced the implementation
of our SafeWork initiative, first developed
by our Australian coal business, across our
Canadian businesses. This global program
focuses on changing attitudes towards safety
to bring about sustainable long-term change.
The program revolves around 12 fatal hazards
identified at our operations and controls and
procedures to manage these.
Supporting the communities in which we are
privileged to operate is fundamental to our
approach. We focus on partnerships and initiatives
that fulfil longer-term community requirements,
tailoring programs to the unique characteristics and
needs of individual communities.
A WORLD-CLASS EMPLOYER
Our people are fundamental to our success and
growth.
We aim for the right balance between meeting the
needs of our people and business, and investing
in our communities. That means ensuring the
communities in which we operate benefit from our
presence through local employment and training
opportunities. Our operations look first to their
local community when hiring.
We employ a broad range of experts in their chosen
fields, including geologists, engineers, accountants,
IT professionals, mechanics, environmental
scientists and lawyers.
We choose the best people for each position; people
who think and act like entrepreneurs, are willing
to learn, are passionate about their work, and
strive to be leaders in their field. We invest in our
people through ongoing training and development
opportunities to grow their skills, expertise and
experience.
Our employees are also ambassadors for our values,
including our:
• Commitment to protect the health and safety of
all our people
• Entrepreneurial spirit
• Commitment to achieving our key deliverables
simply and efficiently
• Responsibilities to society and the environment
• Openness
We recognize that our agricultural and mining
operations have an impact on the environment and
our neighbouring communities.
* United Nations, Department of Economic and Social Affairs, 2013
5
6
Glencore
Prince Rupert
65 grain elevators,
9 special crop
facilities
Cascadia
Edmonton
Pacific
Canola
and Soybean
Crushing
Plant
Canola
Crushing
Plant
Vancouver
Regina
Winnipeg
Viterra Offices
Thunder Bay
(Two ports)
Quebec City
Port of Montreal
Montreal
Ottawa
Toronto
Corporate Profile Canada
7
Agricultural Products
Viterra is Canada’s grain industry leader, supported by the
expertise of our people, a superior network of assets, and
unrivalled connections to world markets.
Our commitment to agriculture goes back over
100 years, partnering with farmers to market and
move their crops to areas of need around the world.
Our continued focus on operational excellence
throughout North America allows us to efficiently
handle, process, distribute and transport grains and
oilseeds.
relationships with global customers in diverse
geographies in more than 50 countries.
We provide further value to our partners through
a wide variety of contracting and risk management
tools to help them realize the full potential of their
crops.
We have significant international marketing
expertise and knowledge of industry trends and
fundamentals. We have strong, long-standing
Our offices
Corporate office in Regina, Saskatchewan
Trading offices in Montreal, Quebec, Vancouver, British Columbia, Regina,
Saskatchewan and other locations in North America.
Storage and handling sites
Strategically located in the heart of Western Canada’s growing region,
through our primary elevator network we have 1.8 million tonnes of storage
capacity to store, ship, clean and blend grain to ensure quality meets end user
specifications.
We also operate special crops facilities that contain specific equipment with
processes designed to preserve the integrity of commodities such as beans,
peas and lentils.
Oilseed processing
A canola processing facility at Ste. Agathe, Manitoba is involved in the
production of healthy canola oils for food companies, as well as canola meal
for feed.
A canola and soybean crushing and refining plant, located in Becancour,
Quebec produces vegetable oil for food and industrial markets, as well as meal
for the livestock industry.
Commodities
Wheat, durum, barley, oats, canola, corn, soybeans, flax, lentils, peas, beans,
mustard, canary seed.
Transportation and logistics
We manage the transportation and logistics requirements necessary to move
commodities from our grain elevators to export position. Our superior logistics
capabilities and multi car rail loading capacity support our ability to maximize
throughput through the system and lower costs.
Ports
Six port facilities across Canada, including Cascadia (Vancouver), Pacific
(Vancouver), Prince Rupert, Thunder Bay Port A & Port B, and Montreal.
Statistics:
• We operate worldclass storage and
handling facilities
with 1.8 million
tonnes of storage
capacity.
• Actively engaged
in the innovation
and development
of new crop
technologies
essential to
making best use
of agricultural
resources and
meeting projected
demand growth.
• We operate 65
grain elevators,
9 special crop
facilities, six port
terminals and two
oilseed processing
plants.
8
Glencore
Quebec City
Montreal
Ottawa
CCR Refinery
Toronto
Horne Smelter
Corporate Profile Canada
9
Copper
Our copper assets in Canada consist of the Horne Smelter
and the Canadian Copper Refinery (CCR), both based in the
province of Quebec. These facilities employ more than
1,200 people, and in 2014 contributed $143 million to the
local economy.
Our Horne Smelter is a custom copper smelter,
processing concentrate from the operations of
Glencore and third parties. In operation since 1927, it
is now the only copper smelter in Canada and plays
an important role for the Canadian copper mining
industry.
The CCR refinery processes copper anodes, which
are converted into 99.99% copper cathodes and sold
on world markets. It has been in operation since
1931 and is the only copper refinery in Canada.
It also has an integrated precious metals refining
plant.
Horne Smelter is one of the few plants in the world
that also responsibly recycles end-of-life electronics
and other copper bearing materials. Its ability to
process a wide range of such feeds is one of its
unique features.
The refinery also processes feed known as “anode
slimes.” CCR products include copper cathodes,
gold, silver and other specialty metals and
chemicals, including selenium, tellurium dioxide,
nickel sulphate and a concentrate of platinum group
metals.
The smelter produces anodes containing 99.1%
copper. The anodes are shipped to CCR in Montreal
to be converted into copper cathodes.
Ongoing capital investments have kept the facility
at the cutting edge of technology, with a strong
focus on emissions reduction. Horne Smelter has
the capacity to process 780,000 tonnes per year of
copper bearing material.
Oper ations
Assets
2014 Production
Horne Smelter
Rouyn-Noranda, Quebec
Custom copper smelter
213,288 tonnes copper anode
Canadian Copper Refinery
Montreal, Quebec
Copper refinery and precious
metals plant
315,668 tonnes copper cathode
Statistics:
• Our CCR copper
refinery in
Montreal is the
only copper
refinery in
Canada.
• Horne Smelter
is one of the
few plants in
the world that
also responsibly
recycles end-oflife electronics
and other copper
bearing materials.
• T he CCR refinery
is conflict-free
gold certified,
meeting
standards that
show we do not
cause, support or
benefit unlawful
armed conduct
or contribute to
human rights
abuses.
10
Glencore
Raglan Mine
Rouyn-Noranda
Office
Quebec City
Montreal
Port of Quebec
Ottawa
Sudbury Integrated
Nickel Operations
Toronto
Laval Office
Corporate Profile Canada
11
Nickel
Our nickel assets in Canada include six underground mines,
a mill and a smelter, employing 2,300 people. In 2014, we
contributed more than $590 million to the local economy.
The Sudbury Integrated Nickel Operations consist
of Exploration, two underground mines (Nickel
Rim South Mine and Fraser Mine), Strathcona Mill
and the Sudbury Smelter.
The facilities are spread throughout the geological
formation known as the Sudbury Basin. Nickel and
copper are the primary metals, but we also produce
cobalt and precious metals such as gold, silver,
platinum and palladium.
The Strathcona Mill receives ore from the two
Sudbury mines as well as third-party custom
feed ores. It produces two concentrate streams:
nickel-copper concentrate for smelting, and copper
concentrate for smelting and refining.
The Sudbury Smelter currently smelts nickel-copper
concentrate and processes custom-feed materials in
the form of concentrates and secondary products.
These products go by rail to port facilities in Quebec
City, and from there to our Nikkelverk refinery in
Norway.
Our Raglan Mine facilities include four active
underground mines, a concentrator, power plant,
administrative and accommodation facilities, a fresh
water supply source and fuel tanks.
The ore extracted from Raglan Mine is crushed,
ground and processed on-site to produce a
nickel-copper concentrate, which is then sent to
the Sudbury Smelter for further processing. The
concentrator treats approximately 1.3 million tonnes
of ore yearly, resulting in more than 30,000 tonnes of
nickel-in-concentrate annually.
A road network links our mining complex to
a landing strip located at Donaldson, and to
warehouses and seaport facilities located at
Deception Bay.
Oper ations
ASSETS
2014 Production
Raglan Mine
Underground mines, concentrator,
power plant, accommodation and
administration buildings and fresh
water supply
37,246 tonnes nickel-in-concentrate
Nickel Rim South Mine,
Fraser Mine, Strathcona Mill
30,387 tonnes nickel-in-concentrate
58,905 tonnes copper-in-concentrate
700 tonnes cobalt-in-concentrate
Sudbury Smelter
74,550 tonnes nickel-in-matte
22,115 tonnes copper-in-matte
3,047 tonnes cobalt-in matte
Sudbury Integrated Nickel
Operations
10,260 tonnes copper-in-concentrate
777 tonnes cobalt-in-concentrate
Statistics:
• We have been
mining nickelcopper ores in
the Sudbury
area of northern
Ontario since
1929. Our facilities
are spread
throughout the
60-kilometrelong geological
formation known
as the Sudbury
Basin.
• Our Raglan Mine
is located at the
extreme limit of
Northern Quebec
and operates
some of the
richest resource
base-metal mines
in the world.
• We were the first
mining company
in Canada to
sign an Impact
and Benefit
Agreement (IBA)
with First Nations
populations
with our Raglan
Agreement in
1995.
12
Glencore
Brunswick Lead Smelter
Bracemac-McLeod
Quebec City
Montreal
Ottawa
CEZinc Refinery
Kidd Operations
General Smelting
Toronto
Corporate Profile Canada
13
Zinc
Our zinc assets in Canada provide direct employment for more
than 2,000 people at two mines and three metal processing
plants.
Our Kidd Operation in Timmins, Ontario is the
deepest base metal mine in the world with a
maximum depth of almost 10,000 feet. The mine
produces zinc and copper concentrates from
one of the world’s largest and richest known
volcanogenic massive sulphide deposits. The mine,
which employs about 900 people, celebrates its 50th
anniversary in 2016.
Our Brunswick Lead Smelter is a primary lead/
silver smelter in Belledune, New Brunswick
employing 450 people. The smelter is a traditional
sinter blast furnace and refinery built to process the
concentrate from the Brunswick Mine. Since the
mine has now closed, the smelter is transitioning
to a custom smelter. It processes lead/silver
concentrate, by-product from the zinc smelter and
a wide variety of recycled materials, including
batteries and lead glass.
The CEZinc Refinery in Salaberry-de-Valleyfield,
Quebec is the second largest zinc refinery in
North America. CEZinc has been an important
part of the community since 1963 and employs 574
people. Glencore manages the facility and has a
25% ownership in the plant through a stake in the
Noranda Income Fund.
Founded in 1955, General Smelting is one of
North America’s most established manufacturers
of lead alloy anodes for electrowinning, chrome
plating and pickling processes along with offering
lead construction and maintenance services for
electrostatic precipitators and acid plant equipment
on a worldwide basis. The plant is based in Lachine,
Quebec and employs around 50 people.
In Matagami, Quebec, our Bracemac-McLeod Mine
is the 12th mine to operate in the camp since 1963.
The mine, which employs 270 people, processes ore
in Matagami and sends copper concentrate to the
Horne Smelter in Rouyn-Noranda, Quebec and zinc
concentrate to the CEZinc Refinery in Valleyfield,
Quebec.
Oper ationS
ASSETS
PRODUCTS
2014 Production
Brunswick Lead Smelter
Primary lead/silver smelter
Lead
Silver dore
74,587 tonnes
472,500 kg
CEZinc Refinery
Primary zinc refinery and sulfuric
acid plant
Zinc
Kidd Operations
Underground mine and concentrator
Zinc-in-concentrate
Copper-in-concentrate
Silver-in-concentrate
60,950 tonnes
38,418 tonnes
2,066,070 kg
Bracemac-McLeod
Bracemac-McLeod underground mine
and concentrator
Zinc-in-concentrate
Copper-in-concentrate
Silver-in-concentrate
74,819 tonnes
8,824 tonnes
565,907 ounces
261,782 tonnes
Statistics:
• At nearly 10,000
feet, the Kidd
Mine is the
deepest base
metal mine in the
world.
• Kidd Operations
was the first mine
in North America
to use fully
automated loaders
that are controlled
from surface.
• T he BracemacMcLeod Mine is
the 12th mine in
the Matagami
Camp and the
camp has been
in operations
for more than 50
years.
14
Glencore
Coal
Our coal assets in Canada include approximately 125,000
hectares under license in the Peace River coal basin of northern
British Columbia.
Our assets include the Sukunka coking coal project
for which exploration and evaluation studies are
continuing. The environmental approval process
for Sukunka has been started and this project is
one of the first in B.C. to be granted substitution by
the Federal government under a recently signed
Memorandum of Understanding the Provincial
Government has negotiated with the Federal
Government. As a result, the project will go through
the Provincial Environmental review only. Both
Federal and Provincial Ministers will then make a
decision based on this single review.
Coking (metallurgical) coal is an important
ingredient in the production of the steel used to
build cities, railways and other vital infrastructure
(including wind turbines). Our coal will be used
worldwide for many day-to-day goods and services
sometimes taken for granted in our modern society
– such as steel production.
Corporate Profile Canada
XPS Consulting & Testwork Services
XPS is a licensed metallurgical consulting, technology and test
services business offering industry leading expertise to clients
inside and outside Glencore.
We provide high quality mineral processing,
quantitative mineralogy, smelting and leaching
testing, modeling, techno-economic studies along
with process control best practices and materials
engineering support.
Our engineers, metallurgists, geoscientists,
technicians and technologists have extensive
experience in metallurgical operations, mineral
exploration and mining across a wide range of
commodities including base and precious metals.
We are based at the XPS Centre in Sudbury, Ontario,
which houses laboratory and pilot scale test
equipment available to find solutions for complex
processing problems and fully exploit business
opportunities.
Our technical strengths and operations experience
enables us to deliver practical, operable and
successful process solutions to projects and
operations.
Our expertise helps clients improve profitability of
their operations and projects.
15
16
Glencore
Our integrated supply chain
Agricultural Products
Storage and handling
We are strategically located in
the heart of Western Canada’s
growing region, and through
our primary elevator network we
have 1.8 million tonnes of storage
capacity to store, clean, blend
and ship grain to ensure quality
meets end user specifications.
We also operate special crops
facilities that contain specific
equipment with processes
designed to preserve the integrity
of commodities such as beans,
peas and lentils.
Quality control and
food safety
Viterra utilizes a variety of food
safety and traceability best
practices across its operations.
Through every stage of
production, we have processes
in place to track and identify
what goes through our asset
network, from seed to customer
delivery. We meet international
standards such as HACCP, an
internationally recognized system
of quality control and food safety,
and our facilities are ISO 9000
certified for the processing and
export of grains, oilseeds and
special crops, verified by thirdparty audits.
Agricultural products
The agricultural products we handle, store and transport include wheat,
durum, barley, oats, canola, corn, soybeans, flax, lentils, peas, beans, mustard
and canary seed.
Marketing and export
We operate six port terminals
across Canada, with a storage
capacity of 1.3 million metric
tonnes, and have an annual
throughput of 21.3 million
metric tonnes. Our significant
international marketing
expertise and knowledge
of industry trends and
fundamentals has allowed
us to build strong, longstanding relationships with
global customers in diverse
geographies in more than fifty
countries.
Corporate Profile Canada
Copper
MINING AND Processing
Smelting and refining
Copper concentrate is produced
from the on-site crushing of
ore from several of our mines
in Canada, including Kidd
Mine in Timmins, Ontario;
the Sudbury Integrated Nickel
Operations in Sudbury, Ontario
and our Matagami Zinc Mine in
Matagami, Quebec.
Our Horne Smelter in RouynNoranda, Quebec transforms
800,000 tonnes per year of copper
concentrate into 99.1% pure
copper anodes, which are then
sent by rail to our CCR Refinery
in Montreal, Quebec. The refinery
process further purifies copper
anode to 99.995% pure, highquality copper cathode, which
is then shipped to customers
around the world via truck,
freight train or the Port of
Montreal.
The concentrate also contains byproducts such as gold and silver.
We use various innovative
mining techniques best suited
to the conditions and geology of
each region.
Copper products
Copper is a critical modern day metal used in products ranging from
fertilizers and insecticides, to energy efficient appliances, electricity
distribution, plumbing, healthcare and telecommunications.
Marketing
and Logistics
We utilize our extensive
marketing network to facilitate
delivery of our copper cathode
to end users or into our
worldwide network of storage
facilities.
17
18
Glencore
Nickel
EXPLORATION AND
DEVELOPMENT
We prefer to explore for
resources close to our
existing assets, which have
a lower risk development
profile and enable us to
use existing infrastructure,
realize synergies and save
cost.
Our Sudbury Integrated
Nickel Operations
and our Raglan Mine
both run successful
exploration programs.
We have developed an
excellent understanding
of Canadian conditions
and ore types to maximize
operational efficiencies
and increase production of
high purity metal.
Mining
Processing
Refining
Nickel ore is extracted
from our six underground
mining operations in
Sudbury, Ontario and
Northern Quebec.
The Strathcona Mill
receives ore from the two
Sudbury mines as well as
third-party custom feed
ores and produces two
concentrate streams – a
nickel-copper concentrate
that goes to the Sudbury
Smelter for smelting and
a copper concentrate
that goes to the Glencore
copper assets in Quebec for
smelting and refining.
The smelted and
granulated matte is sent
by rail to port facilities
in Quebec City, and then
shipped overseas to our
Nikkelverk refinery in
Norway for refining into
pure metals.
The ore also contains
copper and cobalt as well
as precious metals, such as
gold, silver, platinum and
palladium.
The ore from four
underground mining
operations at Raglan
Mine is crushed, ground
and processed on site
to produce a nickelcopper concentrate. The
concentrate is loaded on
the MV Arctic for shipping
to the Port of Quebec,
where it is transported by
rail to the Sudbury Smelter
for further processing.
The Sudbury Smelter
smelts nickel-copper
concentrate from the
Sudbury and Raglan Mine
operations and processes
custom-feed materials in
the form of concentrates
and secondary products.
Nickel and cobalt products
Nickel is at the heart of many vital products and services from the building
blocks of new cities, everyday items like cutlery and automobiles, and the
high-precision metals used to produce mobile phones or jet engines.
Cobalt has diverse industrial applications including specialty alloys,
batteries and chemicals.
Ore is crushed into a fine
powder and transported
to the chlorine leaching
plant, where the metals
are separated using the
chlorine in hydrochloric
acid. These are then sent
to different processing
areas for purification and
refining. The various
areas treat materials
in gas, liquid and solid
form. Next, the products
are transported to areas
for finishing treatment,
cutting and packaging.
Marketing
and Logistics
Finished nickel, copper
and cobalt products are
exported to the world
market.
We supply our customers
with high grade nickel
metal that plays a vital role
in modern life.
Corporate Profile Canada
19
Zinc
Exploration and
development
Our Montreal office
provides technical
services to our zinc assets
around the world. Our
technical team, which
includes both geologists
and mining engineers,
supports projects at all
stages of development
and provides technical
support to zinc assets
in order to help to
increase productivity and
operational effectiveness.
Mining
We operate underground
zinc/copper/silver mines
in Timmins, Ontario
and Matagami, Quebec.
Our Bracemac-McLeod
Mine in Matagami is
the 12th mine in the
Matagami camp and uses
a ramp access to reach
the orebody. The Kidd
Mine in Timmins is the
deepest base metal mine
in the world and uses a
combination of shafts
to access the ore. Kidd
Operations is the first
mine in North America
to use fully automated
loaders that are controlled
from surface. In both
cases, we are employing
the latest technologies to
increase efficiency and
reduce the environmental
impact.
Processing
Smelting
Ore from the mines
is processed at
concentrators in Timmins
and Matagami where
the various minerals
are separated and metal
concentrate is produced
through a combination of
grinding and floatation.
The result is a product
called concentrate, which
is a ‘sand like’ substance
that typically contains
between 25-55% metal.
Concentrates are then
shipped by rail to our
smelters for further
refining.
We operate a zinc
smelter in Valleyfield,
Quebec and a Lead
Smelter in Belledune,
New Brunswick that
process zinc and lead
concentrates from mine
sites. Copper concentrate
from our Canadian
mines is sent to the
Horne Smelter in RouynNoranda, Quebec. Our
Brunswick Smelter also
produces silver dore. All
of our smelters have acid
plants that capture SO2
and produce sulfuric
acid, which we sell to
customers across North
America.
Zinc and lead products
Zinc and lead metals play an important role in modern society. About half of
the world’s zinc is used to galvanize steel, an environmentally friendly way of
protecting against corrosion in vehicles, infrastructure and consumer goods.
Zinc is also used to make die-cast alloys, brass and zinc oxides and chemicals.
Lead is predominantly used in lead-acid batteries, which power our everyday
industrial and consumer products. They also provide important emergency
power supply for hospitals and mobile phone networks.
Marketing
and Logistics
Our office in Toronto
is responsible for
coordinating shipments
of both own-sourced and
third-party concentrate
to our smelters for
processing as well as
shipments of metal
and sulfuric acid to our
customers.
20
Glencore
Supporting our local communities
Every year, Glencore supports our local communities via a combination of
partnerships, sponsorships, funding and voluntary employee contributions.
In addition to our role as a major
employer, in 2014 we partnered with a
number of community organizations
to make a positive contribution in the
areas of health, education, arts and
culture, and the environment. Below
are some of the community groups
and organizations we supported in
2014 across Canada.
• Science Timmins
• The Good Samaritan Inn
• Timmins and District Humane Society
• Les Maringouins du Nord
• Timmins Food Bank
• Timmins and Area Women in Crisis
• Ducks Unlimited Canada
• Canadian Diabetes Association
• Miners for Cancer
Ontario
Quebec
• Trans Canada Trail
• Camp Oochigeas
• Queen’s University
• Sudbury Theatre Centre
• Theatre Cambrian
• Science North
• Northern Watersport Centre
• Sudbury Community Foundation
• Sudbury Foodbank
• City of Greater Sudbury
• YMCA
• Modern Mining and Technology
Sudbury
• Cambrian College
• Collège Boréal
• Laurentian University
• Sudbury Regional Science Fair
• Levack Public School - Rainbow District
• Women in Science and Engineering
(WISE)
• N’Swakamok Native Friendship Centre
• Northern Centre for Advanced
Technology Inc. (NORCAT)
• VETAC Committee – Greater Sudbury
• Falconbridge Citizens Committee
• Heart and Stroke Foundation
• Canadian Mental Health Association
• Alzheimer Society
• Women in Mining
• The Princess Margaret Hospital
Foundation
• Pollution Probe
• Greater Sudbury Watershed Alliance
• Sagamok First Nations
• Metis Nation of Ontario
• Timmins and District Hospital
Foundation
• Northern College
• Timmins Symphony Orchestra
• CAPE Fund
• Canadian Institute of Mining,
Metallurgy and Petroleum
• McGill University
• Bibliothèque École D’Iberville
• Maison des jeunes La Soupape
• École La Source
• École St-Octave
• Je Réussis
• Revdec
• Société canadienne du cancer
• Amis de la culture
• Association bénévole Pointe-auxTrembles / Montreal Est
• Société St-Vincent-de-Paul (St-Enfant
Jésus/St-Victor)
• Centre Hochelaga (Opération Sous Zéro)
• Centre d’aide et développement de la
famille de l’Est de Montreal
• Centre des femmes de Montreal Est/
Pointe-aux-Trembles
• Paniers de Noël CCR
• Tournoi National Bantam (Montreal Est)
• L’Antre-Jeunes de Mercier-Est
• Fondation des grands brûlés
• L’Anonyme
• La Maison de Soins palliatifs L’Albatros
• Raglan Education Fund
• Arctic Winter Games
• Qaqqalik & Nunaturlik Landholding
Corporations
• Nirivik (Kangiqsujuaq – Arsaniq high
school healthy snacks program)
• Parc Pingaluit
• Ivakkak Dog Race
• Northern Villages of Kangiqsujuaq and
Salluit
• Kativik Regional Government
• Makivik Corporation
• Kativik School Board
• Kautaapikkut Strategy Table
• L’Institut de recherche en mines et
environnement (IRME)
UQAT- Polytechnique
• Caribou Ungava
• Fondation de l’Hôpital du Suroît
• Les Régates de Valleyfield
• Fondation du Collège de Valleyfield
• Moisson Sud-Ouest
• Croix-Rouge
• Ville de Matagami
• Chorale Boréale
• Radio Matagami
• Matagami en Sante
• Ecole Galinée de Matagami
• Ecole Secondaire Le Delta
Alberta
• University of Alberta - Chair in Mineral
Process Engineering
Saskatchewan
• STARS air ambulance
• Red Cross
• United Way - Saskatchewan
• Ag in the Classroom
Manitoba
• Canadian Foodgrains Bank
• Manitoba Farmers with Disabilities
• Canadian Agricultural Safety
Association
• Canadian International Grains
Institute (Cigi)
New Brunswick
• Miramichi Salmon Association
• Nepisiguit River Salmon Association
• Belledune Regional Environmental
Association – Jacquet River Salmon
Conservation
• Bathurst Sustainable Development
• Shediac Bay Watershed
• Bathurst Hospitality Days
• Belledune Days
• Festival des Rameurs - Petit Rocher
• Lorne Day Festival
• Chaleur Regional School and Bathurst
$5 m
invested in regional community initiatives
in 2014, through a combination of
partnerships, sponsorships, funding and
voluntary employee contributions.
Thirty-six schools in Greater Sudbury
have been winners of the Ugliest
Schoolyard Contest, an initiative that
educates children about the importance of
green spaces and biodiversity. This
initiative is part of our Sudbury
Integrated Nickel Operations’
participation in returning the earth that
was once used for industrial purposes
back to a thriving, natural state.
Capacity building
Education
Environment
Health
Social/community
development
Identified local or
regional need
We have worked with local government, community organizations and
First Nations to increase the local Atlantic salmon population in northeastern New Brunswick. We have supported projects to maintain and
increase native salmon populations in the Jacquet river, the Nepisiguit
and the Miramichi.
Viterra operates a donation program with the Canadian
Foodgrains Bank (CFGB), donating $5 to the CFGB for each
tonne of grain donated by farmers. Canadian farmers
donated 3,200 tonnes of grain through this program in 2014.
The Horne Smelter in
Rouyn-Noranda, Quebec, has made
education a community involvement
priority. One investment in a local
high school library outfitted the space
with new furniture, paint, flooring
and electronic equipment, which
considerably spiked attendance.
N O V E M B ER 2 0 1 5
www.glencore.ca
CONTACT
Glencore Canada Corporation
100 King Street West, Suite 6900
Toronto, ON M5X1E3
Canada
Tel: 416 775 1500
Email: Corporate.Affairs@glencore-ca.com