Mining Magazine December 2016 | Page 33

THE IMPORTANCE OF CSR

10 GLENCORE

In 2014 , Glencore looked at re-evaluating its socio-economic contributions . The company strives to minimse dependency in its operations from the local community by promoting sustainable communities with diversified and resilient local economies .
In 2015 , Glencore had close to 80 percent of local residents in its workforce , with 63 percent of its managers being local residents as well .
The company spent just over $ 15.1 billion on local suppliers , significantly promoting local trade and growing the local economy .
It doesn ’ t stop there , Glencore has spent over $ 134 million on shared public-use infrastructure , with most significant investments in power distribution ($ 68.5 million ), roads ($ 56 million ), and water treatment and distribution ($ 5.6 million ).
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