Glencore Contributes $14 Billion to Australian Economy

Glencore has regained its position as Australia’s largest producer of coal, cobalt, zinc and lead, and the second-largest producer of nickel, copper, and silver. The mining giant operates 25 mines across Queensland, New South Wales, the Northern Territory and Western Australia and 2021 data shows that it has contributed $14 billion into the Australian economy.

Since 2011, the company have paid more than $19 billion in taxes and royalties within Australia.

“We believe mining matters. Australia has a world class mining sector that continues to be a key pillar of our economy and Glencore is proud to be part of that economic contribution,” Glencore’s Head of Corporate Affairs Cassandra McCarthy said.

The mining company has been operating in Australia for more than 25 years, providing employment for locals in Queensland, New South Wales, Western Australia and the Northern Territory. This giant contributes to jobs and businesses in the capital cities, as well as in the communities where it operates.