Glencore is a diversified natural resource companies and a producer and marketer of more than 60 responsibly-sourced commodities
Prodeco coal in Colombia. (Credit: Glencore.)
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.
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.
Source: Company Press Release