Unions take action against Glencore ahead of investor call

The actions took place around 10 December, to coincide with International Human Rights Day. The actions draw attention to the company’s rights violations as it seeks to establish a positive image for investors.

On 12 December, Glencore held an investor update call, to advise investors about the company’s strategies for growth. After recovering from a deep commodities crash in 2015, Glencore has bounced back in 2017, outperforming many of its peers.

But all of this comes at a terrible cost to the workers who mine and process the commodities that make Glencore a successful company.

To coincide with International Human Rights Day, unions around the world took action to demand that Glencore respect workers’ human rights. Highlights include:

In the investor call, Glencore announced that it intends to double its cobalt production over the next few years. Cobalt is an essential component of the batteries used by smart phones and electric vehicles, and the company intends to tie in deals with major auto and electronics manufacturers – including Volkswagen, Tesla and Apple – to supply cobalt.

Glencore won the concession to mine cobalt in the Democratic Republic of Congo after making a US $45 million loan to a fixer, as exposed in the Paradise Papers.

The company aggressively exploits commodities, and is a leading producer of copper, cobalt, nickel, zinc and thermal coal. CEO Ivan Glasenberg highlighted the value for money of Glencore’s “low cost assets", and praised the company’s “capital efficient growth”.

Assistant general secretary Kemal Özkan said:

“Glencore wants to convince investors that it has a bright future. But Glencore’s abuse of the human rights of its workers, at sites around the world, are a serious liability that will cause ongoing labour conflict.

“IndustriALL and our affiliates will campaign until Glencore respects workers’ rights and begins to address the many serious issues raised by workers and their communities.”