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Glencore propping up Hunter economy

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Glencore’s importance to the Hunter, and the state, has been highlighted in the latest Australian economic contribution report.

The mining giant’s NSW operations – 11 overall – directly injected $8.1 billion into the financial market in 2022.

Of that total, nine mines – Mangoola, Ravensworth, Mount Owen, Glendell, Liddell, Integra, Bulga, HVO and United Wambo – are based in the region.

In NSW alone, Glencore employs 6,320 people, while it spent $3.7 billion on goods and services.

Director of environment and community John Watson admitted the company was thrilled with its ability to make a positive difference in regional Australia and across the country.

“Last year, we contributed in excess of $8 billion to the NSW economy and supported more than 3,000 supplies in places like Singleton, Muswellbrook, Newcastle and Mudgee,” he told the Newcastle Weekly.

“When coal mining is doing well, the region is doing well.

“Above all else, we’re proud of our employees for their continued dedication and the strong relationships they’ve built with local suppliers and their communities.

“The significant taxes and royalties that we pay, $3.6 billion in 2022, go towards vital public infrastructure and services.”

Glencore’s head of corporate affairs in Australia Cassandra McCarthy echoed those sentiments.

“We’ve been operating in Australia for more than 25 years, employing two generations of Australian families, and we’re continuing to make an important contribution to jobs, businesses and the communities where we operate,” she said.

“Our coal business is headquartered in the Hunter Valley… it’s one of the region’s largest employers.

“But, we should never take that for granted.

“Glencore works with ventures across more than 100 different industries, like manufacturing, transport, construction, finance, public administration, retail, health care, accommodation and food services and wholesale trade.

“We support businesses that range from the local coffee shop to the country’s leading equipment and mining service providers.”

However, Glencore refuses to sit idle, according to Mc McCarthy.

“We’re committed to providing a safe, inclusive and respectful workplace for our people, to respecting the environment, to engaging openly and constructively with the Traditional Owners on whose lands we operate and to bringing value to local communities,” she said.

“We also recognise our responsibility to the global effort to achieve the goals of the Paris Agreement.

“Our ambition is to be a net zero total emissions company by 2050.

“In August 2021, we increased our medium-term emission reduction target to 50% by 2035 and introduced a new short-term target of a 15% reduction by 2026.”

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