Glencore News Release: Geotechnical failure at Katanga Mining Limited – Update 4 (March 17, 2016)

Baar, Switzerland – Glencore notes the update made by Katanga Mining Limited (KML) earlier today. The search for the seven colleagues missing since the geotechnical failure has been underway for 10 days. All available resources have been allocated to the search and rescue effort. To date, three bodies have been located, one of which is still to be positively identified.

It is with deep sadness that Glencore must now assume that any individual who was in KOV open pit at the time of the incident will not have survived. The activities in KOV open pit will now be focused on the recovery phase of the operation as weather and ground conditions allow.

Both Glencore and KML express their sincere condolences to the family, colleagues and friends of the individuals who have died as a result of this tragic incident. All appropriate support will be provided.

KML continues to work closely with the relevant authorities. An investigation is underway to determine the cause of the geotechnical failure and further updates will be made as appropriate.

Ivan Glasenberg, Glencore CEO, commented: “On behalf of the board, we offer our deepest condolences to the families of the deceased individuals and our sincere thanks to the search and rescue team who have worked tirelessly over the past 10 days. We must reiterate that any loss of life at our operations is unacceptable and we will continue to work relentlessly to improve health and safety across the Group.”

For further information please contact:


Martin Fewings t: +41 41 709 28 80 m: +41 79 737 56 42 [email protected]

Elisa Morniroli t: +41 41 709 28 18 m: +41 79 833 05 08 [email protected]


Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 [email protected]

Pam Bell t: +44 20 7412 3471 m: +44 77 3031 9806 [email protected]

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group’s operations comprise around 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.

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