Glencore PLC

Environmental & Social Information • Jun 27, 2024

Energising today Advancing tomorrow

Our approach to tax and

transparency

Energising today, advancing tomorrow: As the world moves towards a low-carbon economy, we are focused on supporting the energy needs of today whilst investing in our portfolio of transition-enabling commodities.

Introduction
Chief Financial Officer's introduction	3
Our business at a glance	5
Performance highlights	7
Our approach to tax and transparency	8

Our contribution

How we contribute
Our payments to governments	11
Extractive Industries Transparency
Initiative	17

Additional information

Appendix One - Detailed country
disclosures	22
About this report	24
Important notice	25
Contact us	25

This document has not been prepared as financial or investment advice or to provide any guidance in relation to our future performance. Refer to the Important notice concerning this report on page 25.

Welcome to Glencore's 2023 Payments to Governments Report

This report addresses our UK regulatory obligations under DTR 4.3A of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (UK Transparency Requirements), which were introduced to implement the payments to governments requirements provided for in the EU Transparency and Accounting Directives. It also includes our commodity trading payments made to state-owned enterprises (SOEs) in Extractive Industry Transparency Initiative-implementing countries for the purchase of oil and gas and minerals and metals originating in those countries.

Further information on our approach to transparency, including the disclosure of the beneficial ownership information of our active industrial joint ventures in which we hold more than 5%, a list of entities in which the Group owns more than 20% interest, and our active marketing sales/purchase agents, is available at: glencore. com/who-we-are/transparency.

◊ Alternative performance measures Adjusted measures referred to as alternative performance measures (APMs) which are not defined or specified under the requirements of International Financial Reporting Standards; refer to our 2023 Annual Report's APMs section beginning on page 282 for definitions, explanation of use and reconciliations and note 2 of the financial statements for reconciliation of Adjusted EBIT/EBITDA.

Explore further publications in our 2023 reporting suite at: glencore.com/publications

Explore our Group Reporting Glossary for the 2023 reporting suite online at: glencore.com/publications

∆ Selected ESG information

Selected Environmental, Social and Governance (ESG) metrics (Selected Information) in this report have been subject to independent limited assurance under ISAE 3000 (Revised) by Deloitte LLP. The Selected Information is identified by the Δ symbol. The scope and limitations of Deloitte LLP's assurance are set out in their unqualified report in our 2023 Annual Report, page 295. Please also see the Basis of Reporting 2023 online at glencore.com/publications

Chief Financial Officer's introduction

During 2023, our total payments to governments were \$12.7 billionΔ in tax, royalty, levy and other payments.

Steve Kalmin Chief Financial Officer

I am pleased to introduce our annual Payments to Governments Report.

Following 2022, a year characterised by extreme global macroeconomic and geopolitical events resulting in extraordinary energy market dislocation, volatility, risk, supply disruptions and record prices for various coal and gas benchmarks, 2023, for the most part, saw international energy trade flows rebalance and normalise, with coal and LNG, and to a lesser extent, oil prices materially declining.

In 2023, our total payments to governments were \$12.7 billionΔ in tax, royalty, levy and other payments (2022: \$12 billionΔ). Corporate income tax contributed most to the year-onyear increase, largely reflecting the payment timing lag-effect relating to higher commodity prices (mainly energy) in 2022. Around 88.4% of total royalties, duties and taxes were paid in Australia, Canada, Colombia, the DRC, Kazakhstan, Peru and South Africa.

Resolutions and ongoing investigations

Glencore has been subject to a number of investigations over the last few years. We have taken all of these investigations very seriously and our response to the investigations has been overseen by our Investigations Committee, comprised of Non-Executive Directors, led by our Chairman. We have sought to cooperate extensively with the various authorities investigating Glencore in order to resolve these investigations as expeditiously as possible, while also seeking to learn from these investigations in order to support the continuous improvement of our Ethics and Compliance Programme.

In 2022, we announced a number of resolutions of certain long-standing investigations by authorities in the US, the UK and Brazil into past practices at certain Group businesses. Separately, in December 2022, we reached an agreement with the Democratic Republic of Congo (DRC) relating to past conduct.

Under the terms of our resolutions with the US Department of Justice (DOJ), independent compliance monitors were appointed to assess and monitor the Company's compliance with the resolutions and evaluate the effectiveness of our Ethics and Compliance Programme and internal controls. The DOJ acknowledged the enhancements we have made to our Ethics and Compliance Programme but required the appointment of the monitors because certain of these enhancements were new and not fully implemented or tested.

The monitors were appointed in June 2023 and in early 2024 completed their first review period, during which they undertook various activities including extensive document review and multiple site visits, involving interviews, transaction testing, and other analysis.

Highlights in 2023*

Governments \$12.7bnΔ

in taxes, royalties and other payments

Applicable tax rate 33.6%◊

Employees \$6.0bn

in salaries, wages, social security and other benefits

Social contribution

\$110m

including discretionary and nondiscretionary payments

* Refer to the 2023 Annual Report for further information

Introduction		Our contribution			Additional information
Chief Financial Officer's introduction	Our business at a glance		Performance highlights		Our approach to tax and transparency

Chief Financial Officer's introduction continued

Strengthening our socioeconomic contribution

In addition to our employment, local procurement and taxes, royalties, and other levies, we seek to make a positive contribution to the social and economic development of our host communities and society more broadly through our social investment programmes.

Our strategic objective is to support initiatives that build resilient communities and regions by reducing dependency on our operations. This is challenging when the immediate, short-term needs in many of our communities are high. Our aim is to focus our efforts on developing programmes that contribute to longer-term social objectives through activities such as enterprise and job creation, education, health and wellbeing and capacity building.

We base our socio-economic development activities on the resources, needs and plans identified at a local or regional level, which relevant data gathering and community engagement informs. During 2023, significant work was undertaken to develop our Social Contribution Framework, which has launched in 2024. The Framework aims

to sharpen our definition and articulation of social contribution and social investment, and what it means to Glencore and the communities and stakeholders with whom we work; set clear expectations for governance, performance and reporting; and support a social contribution approach that promotes long-term partnerships as an enabler of enduring positive social and economic outcomes.

We welcome feedback on our public disclosures, and look forward to engaging with interested stakeholders on the topic of our contributions.

Steve Kalmin, Chief Financial Officer 27 June 2024

Our performance in 2023

During 2023, we made payments to governments of \$9.6 billion, calculated in line with the UK Transparency Requirements (2022: \$9.4 billion).

Amounts in US\$'000

In 2023, our total payments to government were around \$12.7 billionΔ in tax, royalty, levy and other payments (2022: \$12 billionΔ).

Introduction	Our contribution		Additional information
Chief Financial	Our business	Performance	Our approach to tax and
Officer's introduction	at a glance	highlights	transparency

Our business at a glance

model

economy.

of today.

global shift to a circular economy.

Our business at a glance continued

Our global operations … delivered through two

One of the world's largest natural resource companies

For further information, see glencore.com/en/

6

continents

30 countries

who-we-are/purpose-and-values/

Industrial activities

business segments

Our industrial business spans the metals and energy markets, producing multiple commodities from over 60 industrial assets

Adjusted EBITDA ◊ Industrial 2023

Marketing activities

We move commodities from where they are plentiful to where they are needed

Adjusted EBIT ◊ Marketing 2023

… supported by our Values

Safety We never compromise on safety. We look out for one another and stop work if it's not safe

Responsibility

We take responsibility for our actions. We talk and listen to others to understand what they expect from us. We work to improve our commercial, social and environmental performance

Simplicity

We work efficiently and focus on what's important. We avoid unnecessary complexity and look for simple, pragmatic solutions

Integrity

We have the courage to do what's right, even when it's hard. We do what we say and treat each other fairly and with respect

Openness

We're honest and straightforward when we communicate. We push ourselves to improve by sharing information and encouraging dialogue and feedback

Entrepreneurialism

Introduction		Our contribution	Additional information
Chief Financial	Our business	Performance	Our approach to tax and
Officer's introduction	at a glance	highlights	transparency

Performance highlights

"Aided by healthy Adjusted EBITDA, we reported net income attributable to equity holders of \$4.3 billion in 2023 and continue to enjoy significant financial headroom and strength."

Gary Nagle

Chief Executive Officer

Introduction		Our contribution			Additional information
Chief Financial	Our business		Performance		Our approach to tax and
Officer's introduction	at a glance		highlights		transparency

Our approach to tax and transparency

We are committed to complying with all applicable tax laws, rules and regulations. We pay all relevant taxes, royalties and other levies in amounts determined by the legislation of relevant national, regional or local governments. We seek to maintain long-term, open, transparent and cooperative relationships with tax authorities in our host countries.

Tax transparency

We welcome fiscal transparency as it encourages the responsible management of revenues from our activities. We believe that countries that transparently and effectively allocate natural resource wealth for the benefit of their communities have the potential to attract greater, more responsible and longer-term business investment. It is imperative that businesses, governments and civil society work in partnership to support transparency.

Our global reach and presence in some higher-risk jurisdictions result in Glencore generally having to navigate enhanced complexity and uncertainty in accounting for income taxes, particularly the evaluation of tax exposures and recoverability of deferred tax assets.

Our Board Audit Committee regularly reviews with senior management our potential tax exposures globally and the key estimates taken in determining the positions recorded, including the status of material communications with local tax authorities

and the carrying values of deferred tax assets.

Intra-group transactions

The Glencore group comprises separate legal entities established in many jurisdictions. Like many multinational enterprises, our business activities are co-ordinated (in terms of personnel, assets and capital) on a worldwide basis.

Our global nature necessitates us apportioning overall Group profitability between our operating jurisdictions. International tax law and in particular the OECD Transfer Pricing Guidelines (Guidelines) and Article 9 of the OECD Model Tax Convention, governs this process. These require that individual entities within the Group transact with each other at the same price that they would if they were independent parties and in due recognition of the true value to be accorded to the transaction.

The purpose of this apportionment and of the Guidelines is twofold: for the fair division of Group profit to enable the levying of tax according to where it is earned; and to ensure that the same profit is taxed only once.

Our Group Tax Policy, which is approved by the Board on an annual basis and publicly available, commits us to not engineer structures or transactions that exploit transfer-pricing rules by artificially 'transferring' profit into lower tax jurisdictions. We trace all intragroup transactions to value-adding commercial activities.

Reflecting the complexity of the Group's operations, and the legitimate concern of tax administrations to collect the full amount

due to them, our transfer pricing is open to audit and challenge from tax administrations.

We approach both scrutiny and dispute in a fair and transparent manner, but we resolutely defend the principle that profit must be taxed only once and that tax administrations are as bound in law by the Guidelines as we are.

'Tax havens'

Although there is no universally applied definition of the term 'tax haven', it is generally understood to refer to a jurisdiction that imposes little or no tax on income or profits. In recent years, governments, the media and the public at large have raised legitimate questions regarding the alleged diversion of business profits by multinational enterprises into tax havens mainly to avoid paying local taxes. It should be noted that Pillar 2 of the OECD's continuing Base Erosion and Profit Shifting Project introduces a minimum tax rate of 15% to reduce the advantage of any such diversion.

In any case, we do not undertake any such activity. Both our Group Tax Policy and our adherence to the Guidelines forbid the allocation of profit to jurisdictions that do not provide value-adding activities and do not have any real commercial substance.

Nevertheless, we continue to make use of companies incorporated in what would be termed tax neutral or tax haven jurisdictions. Where that occurs, it is always for a specific purpose and the companies used can be referred to as special purpose vehicles (SPVs). Glencore primarily uses SPVs for two broad purposes:

• As intermediate holding companies (to hold single investments, groups of similar investments or joint venture investments for accounting, administrative, governance or legal convenience).
• As parties to a legal contract with a non-Group member where it is necessary that the SPV has no other function.

Our continued use of SPVs is to serve a commercial or administrative purpose, has no tax motivation and is fiscally neutral, i.e. it generates neither a tax saving nor expense. For this reason, when we need to establish an SPV, it is often in a tax-neutral jurisdiction, as tax in these cases is an irrelevance.

We have undertaken a review of all entities established in 'tax haven' jurisdictions with the intention of consolidating or liquidating as many as possible. Where it is not possible to do this, these entities usually adopt tax residence in a non-tax haven jurisdiction where the Group can establish enhanced local substance.

As a result of this review, we have removed from our Group structure many tax havenincorporated companies, or established their tax residence in Switzerland, the UK or another non-tax haven jurisdiction. This review continues to be a focus during 2024.

External engagement

We are committed to transparent and constructive dialogue with our stakeholders. We recognise that this is an evolving space and that by understanding a range of external perspectives, we can improve our standards of corporate governance and disclosure.

Throughout the year, we engaged with a variety of organisations on tax and transparency matters.

Introduction	Our contribution		Additional information
Chief Financial	Our business		Performance		Our approach to tax and
Officer's introduction	at a glance		highlights		transparency

Our approach to tax and transparency continued

Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a multi-stakeholder initiative supported by countries, NGOs and companies in the extractives and commodities trading sector. It promotes open and accountable management of extractive resources. Glencore has been a supporting company since 2011, being active in the extractives as well as the commodity trading industry.

We also take an active role in the EITI's Working Group on Transparency in Commodity Trading, a multi-stakeholder group that works towards increasing transparency in commodity trading.

Our industrial assets in EITI-implementing countries support the ongoing development of the EITI in country, by contributing to national reports with local EITI disclosures, participating in EITI multi-stakeholder groups and engaging in policy consultation processes where applicable. For example, in the Democratic Republic of Congo (DRC), we are a member of the EITI's in-country Executive Committee.

International Council on Mining & Metals

We are an active member of the International Council on Mining & Metals (ICMM). The ICMM is an international organisation made up of 28 mining and metals companies and 45 regional and commodities' associations. Its members are committed to strengthening the industry's environmental and social performance and enhancing mining's contribution to society.

Through our membership of the ICMM's Mineral Resource and Tax Working Groups, we collaborate with our peers to address natural resource governance challenges and improve the transparency of mineral revenues – including their management, distribution or spending.

Investors, analysts and banks

Transparency and disclosure are of great interest to our shareholders and representatives of financial institutions. As part of our Annual Report process, we review and revise our approach to presenting information that is of interest to these stakeholders. In addition to meeting our regulatory reporting obligations, we also provide periodic operational, financial and market updates to investors and participate in conferences and other events where we provide relevant disclosure and information.

Civil society and nongovernmental organisations

We regularly engage with civil society groups and NGOs that have a particular focus on transparency and advancing disclosure. In addition to working with these organisations to understand better the developments in the transparency space, we welcome feedback from these organisations on our Payments to Governments Report.

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Our contribution

Mining activities can make a significant contribution to national, regional and local economies, through the provision of employment and training, tax, royalty and levy payments, local procurement, social development and environmental stewardship. Our aim is to minimise negative impacts from our activities and to build partnerships to support sustainable development and growth.

How we contribute

We pay all relevant taxes, royalties and levies required by local and national regulation in our host countries. The payments we make to the governments of the countries in which we operate include local, national, sales and employment taxes, government royalties and licence and permitting fees.

In addition, we contribute to local economies through our use of local suppliers, payment of wages and provision of employee benefits, and voluntary support of socio-economic initiatives such as health and education projects and infrastructure improvements.

Payments to governments, calculated in line with the UK Transparency Requirements US\$ billion

Local contribution

We promote employing people from the regions close to our industrial assets. We support families' livelihoods via direct employment at our assets and indirectly via the engagement of contractors and our use of local suppliers. We use local suppliers when appropriate, to provide our host countries with employment opportunities that support economic wellbeing and diversification.

Societal contribution

Our social investment programmes are intended to help reduce dependency on our industrial assets, encourage self-reliance and contribute to sustainable regional growth. In remote and underdeveloped areas, we install infrastructure, such as roads, water, sanitation and electricity, which is often shared as appropriate with local communities.

Payments to governments and tax transparency

We pay all relevant taxes, royalties and other levies in amounts determined by the legislation of relevant national, regional or local governments. We welcome transparency in the redistribution and reinvestment of these payments. In 2023, our payments to governments totalled \$12.7 billionΔ, reflecting the taxes, royalties and other levies we pay in the relevant countries for our marketing and industrial activities.

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Our payments to governments

The information in this section has been prepared in the manner outlined in the About this report section on page 24.

Payments by countries1

Amounts in US\$ '000 Country	Production entitlements 20232	Taxes on income 20233,4	Royalties 20235	Fees 20236	Infrastructure improvements 20237	Total payments calculated in line with the UK Transparency Requirements 2023	Customs/Import/ Excise/Export tax and duties 20238	Payroll taxes 20239	Taxes and duties relating to non-extractive activities plus other taxes 202310	Payments not included in total payments to governments as reported in our Annual and Sustainability Reports 202311	Total payments to governments 2023
Argentina	-	2,432	-	-	-	2,432	-	1,474	2,244	-	6,150
Australia12	-	3,138,641	1,442,343	18,660	-	4,599,644	521,312	212,683	482,502	-	5,816,141
Cameroon	13,619	1,313	-	-	-	14,932	-	8	20	(13,619)	1,341
Canada	-	107,885	-	21,685	-	129,570	-	42,327	159,228	(20,513)	310,611
Chile	-	293,251	90,979	716	-	384,946	-	4,379	61,291	(328,552)	122,063
Colombia	-	1,884,659	482,791	10,346	-	2,377,796	6,076	33,888	84,255	-	2,502,015
Democratic Republic of the Congo	-	293,197	157,669	188	134,014	585,068	123,254	49,816	176,831	(11,624)	923,345
Equatorial Guinea (EG)	209,634	147,303	70,471	214	-	427,622	-	292	1,297	(209,848)	219,363
Kazakhstan	-	170,894	200,445	277	-	371,616	5,095	80,306	49,606	-	40,755
New Caledonia	-	-	-	-	-	-	-	29,437	11,318	-	506,623
Peru	-	317,397	115,640	3,197	-	436,234	3,238	25,478	59,576	(260,395)	264,131
South Africa	-	224,223	61,576	-	-	285,799	-	6,591	1,090,399	-	1,382,789
Rest of the World	-	-	-	-	-	-	-	199,066	423,276	-	622,342
Total	223,253	6,581,195	2,621,914	55,283	134,014	9,615,659	658,975	685,744	2,601,843	(844,551)	12,717,670Δ

2 Production entitlements are payments to governments based on the volume of output, as mandated in any agreement or license. These mandated volume-based calculations can be paid in cash or in-kind and can be net of any other royalty payments. In-kind payments are converted to a dollar amount based on the market price prevailing at the date of settlement.

3 Taxes on income are payments to governments based on taxable profits and taxes levied on production. It also includes withholding taxes paid on dividends to shareholders, interest, royalties and services. These taxes are generally represented as income taxes in the Consolidated Income Statement of Glencore.

4 Taxes on income include income taxes paid in Peru and Chile relating to Glencore's proportionate share in independently managed joint ventures (Antamina and Collahuasi) amounting to a total of \$589 million.

5 Royalties are payments to governments in respect of revenue or production related to the extraction of mineral, coal, oil and gas reserves.

6 Fees are payments to governments where no specific service is attached, but rather 'levies' on the initial or ongoing right to use an area for exploration, development and/or production. Such fees include licenses, rentals, entry fees and other consideration for licences and concessions.

7 Infrastructure improvements are payments to governments, comprising of the provision of public access infrastructure, such as roads and bridges. Payments are either in the form of cash or in-kind contributions (the completed infrastructure). Payments in respect of social or community programs such as building / providing a hospital, school or playground are excluded.

8 Customs, export and import duties are payments to governments in relation to goods imported into and/or exported from a country. Customs duties are usually imposed on an ad valorem basis, but sometimes on the basis of specific duties charged on particular items. These payments have been voluntarily added to this report.

9 Payroll taxes include payments made by the employer only; payments made by employees amounted to a total of \$1,183 million.

10 Taxes and duties paid relating to non-extractive activities are considered without payroll tax. Other taxes include: wealth tax, stamp duties, transfer tax, environmental tax and other taxes according to local law.

11 Payments not included in the total amount of payments made to governments as included in our Annual and Sustainability Reports 2023, the scope of which is defined in our Basis of Reporting 2023, are primarely payments relating to Glencore's proportionate share in certain joint ventures not controlled or operated by Glencore.

12 CSA mine was disposed of in June 2023.

¹ The reports are not corrected for rounding.

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Payments by government

		Taxes on
	Production	income			Infrastructure
	entitlements	20235,6	Royalties	Fees	improvements	Total
Amounts in US\$ '000	20234		20237	20238	20239	2023
Argentina
National - Administración Federal de Ingresos Públicos (AFIP)	-	2,432	-	-	-	2,432
	-	2,432	-	-	-	2,432
Australia14
National - Australian Taxation Office (ATO)	-	3,138,641	-	-	-	3,138,641
Regional - New South Wales - Office of State Revenue	-	-	696,057	5,448	-	701,505
Regional - Northern Territory - Territory Revenue Office	-	-	10,417	-	-	10,417
Regional - Queensland - Office of State Revenue	-	-	713,622	11,367	-	724,989
Regional - Western Australia - Office of State Revenue	-	-	22,247	1,845	-	24,092
	-	3,138,641	1,442,343	18,660	-	4,599,644
Cameroon
National - National Hydrocarbons Corporation	13,61913	-	-	-	-	13,619
National - Public Treasury	-	1,313	-	-	-	1,313
	13,619	1,313	-	-	-	14,932
Canada
National - Canada Revenue Agency - Receiver General for Canada	-	85,456	-	-	-	85,456
Regional - British Columbia - Ministry of Finance	-	-	-	673	-	673
Regional - Ontario - Ministry of Finance	-	-	-	91	-	91
Regional - Qaqqalik Landholding Corporation	-	-	-	275	-	275
Regional - Quebec - Ministry of Finance	-	22,429	-	408	-	22,837

15 Comprises production entitlement of 167k barrels lifted at Government Sales Price (GSP). Production entitlement which is paid in kind, includes all streams of production payments to the state and state national oil company (NOC) for volumes lifted. Under the production sharing contract, production entitlement is calculated on a production volume basis, however, payments are tied to lifted volumes.

	Production	Taxes on income			Infrastructure
Amounts in US\$ '000	entitlements 20234	20235,6	Royalties 20237	Fees 20238	improvements 20239	Total 2023
Local - Makivvik Corporation (pursuant to The Raglan Agreement)	-	-	-	20,238	-	20,238
	-	107,885	-	21,685	-	129,570
Chile
National - Tesoreria General de la Republica	-	-	-	114	-	114
National - Tesoreria General de la Republica - Servicios de Impuestos Internos (SII)	-	293,251	90,979	-	-	384,230
Local - Sierra Gorda - Municipalidad	-	-	-	602	-	602
	-	293,251	90,979	716	-	384,946
Colombia
National - Agencia Nacional de Mineria (ANM)	-	-	482,791	-	-	482,791
National - Direccion de Impuestos y Aduanas Nacionales (DIAN)	-	1,884,659	-	-	-	1,884,659
National - Instituto Nacional de Vías (INVIAS)	-	-	-	9,044	-	9,044
Local - Corporación Autónoma Regional de La Guajira (CORPOGUAJIRA)	-	-	-	259	-	259
Local - Municipio de Uribia	-	-	-	1,043	-	1,043
	-	1,884,659	482,791	10,346	-	2,377,796
Democratic Republic of the Congo
National - Direction Générale des impôts (DGI)	-	293,197	-	-	-	293,197
National - Direction Générale des Recettes Administratives, Judiciaires, Domaniales et de Participation (DGRAD)	-	-	70,608	188	-	70,796
National - Fonds minier pour les générations future (FOMIN)	-	-	21,956	-	-	21,956
National - National Fund for Reparation for Victims of Sexual Violence and other serious crimes (FONAREV)	-	-	380	-	-	380
National - Société Nationale d'Électricité (SNEL)	-	-	-	-	111,581	111,581

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

		Taxes on
Amounts in US\$ '000	Production entitlements 20234	income 20235,6	Royalties 20237	Fees 20238	Infrastructure improvements 20239	Total 2023
Regional - Direction des Recettes du Haut-Katanga (DRHKAT)	-	-	-	-	4,703	4,703
Regional - Direction des Recettes du Lualaba (DRLU)	-	-	39,141	-	17,730	56,871
Local - Dilala	-	-	20,083	-	-	20,083
Local - Luilu Sector	-	-	5,501	-	-	5,501
	-	293,197	157,669	188	134,014	585,068
Equatorial Guinea (EG)
National - GEPetrol	209,63414	-	70,47115	-	-	280,105
National - Ministry of Mines and Hydrocarbons	-	-	-	214	-	214
National - Public Treasury	-	147,303	-	-	-	147,303
	209,634	147,303	70,471	214	-	427,622

	Production	Taxes on income			Infrastructure
Amounts in US\$ '000	entitlements 20234	20235,6	Royalties 20237	Fees 20238	improvements 20239	Total 2023
Kazakhstan
Local - Republican State Entity of the State Revenue Authority of Ust-Kamenogorsk City	-	170,894	200,445	277	-	371,616
	-	170,894	200,445	277	-	371,616
Peru
National - Instituto Geológico Minero y Metalúrgico (INGEMMET)	-	-	-	3,197	-	3,197
National - Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT)	-	317,397	115,640	-	-	433,037
	-	317,397	115,640	3,197	-	436,234
South Africa
National - South African Revenue Service (SARS)	-	224,223	61,576	-	-	285,799
	-	224,223	61,576	-	-	285,799
Total	223,253	6,581,195	2,621,914	55,283	134,014	9,615,659

15 Comprises royalties of estimated 894k barrels of oil equivalent valued at an estimated sales price. Royalties represent a percentage of production paid in kind to the state of EG. Under the respective production sharing contracts, production entitlements and royalties are calculated on a produced volume basis. However, since payments are tied to lifted volumes, the split of total estimated lifted volumes between production entitlement and royalties has been approximated. We do not have sight of the actual volumes of LNG lifted by the state or state NOC of EG or the realised prices of those lifted volumes, as we do not market those volumes on behalf of the state or state NOC of EG. We have estimated the attributable royalty and entitlement production volumes and values. LNG prices have been estimated based on the month average implied EG FOB prices in the month of lifting based on published European LNG benchmarks, including estimates for transport to index hubs. Note the calculated royalty and production entitlement values are gross of any upstream costs including associated liquefaction costs and tolls paid.

¹⁴ Comprises production entitlement of estimated 2,673k barrels of oil equivalent valued at an estimated sales price. Production entitlement, which is paid in kind, includes all streams of production payments to the state and state NOC of EG for volumes lifted, excluding royalties. Under the respective production sharing contracts, production entitlements and royalties are calculated on a produced volume basis. However, since payments are tied to lifted volumes, the split of total estimated lifted volumes between production entitlement and royalties has been approximated. We do not have sight of the actual volumes of LNG lifted by the state or state NOC of EG or the realised prices of those lifted volumes, as we do not market those volumes on behalf of the state or state NOC of EG. We have estimated the attributable royalty and entitlement production volumes and values. LNG prices have been estimated based on the month average implied EG free on board (FOB) prices in the month of lifting based on published European LNG benchmarks, including estimates for transport to index hubs. The calculated royalty and production entitlement values are gross of any associated upstream costs including liquefaction costs and tolls paid.

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Payments by project

Amounts in US\$ '000	Production entitlements 20234	Taxes on income 20235,6	Royalties 20237	Fees 20238	Infrastructure improvements9	Total 2023	Amounts in US\$ '000	Production entitlements 20234	Taxes on income 20235,6	Royalties 20237	Fees 20238	Infrastructure improvements9	Total 2023
Argentina							Chile
Pachon Project - San Juan	-	2,432	-	-	-	2,432	Collahuasi Project - Minera	-	237,572	90,979	-	-	328,551
	-	2,432	-	-	-	2,432	Collahuasi
Australia							II Region Antofagasta Project - Minera Lomas Bayas	-	55,679	-	716	-	56,395
Entity level	-	3,130,393	-	-	-	3,130,393		-	293,251	90,979	716	-	384,946
New South Wales Project - Cobar Copper14	-	-	3,532	255	-	3,787	Colombia
New South Wales Project - Thermal Coal	-	8,248	692,525	5,193	-	705,966	Cerrejón Project - Carbones de Cerrejón	-	1,881,751	482,791	10,346	-	2,374,888
Northern Territory Project - McArthur	-	-	10,417	-	-	10,417	Cesar Department Project - Prodeco	-	2,908	-	-	-	2,908
River Zinc								-	1,884,659	482,791	10,346	-	2,377,796
Queensland Project - Coking Coal	-	-	340,612	1,884	-	342,496	Democratic Republic of the Congo
Queensland Project - Mount Isa Mines - Copper/Zinc	-	-	64,698	4,659	-	69,357	DRC Copperbelt Region Project - Katanga (KCC)	-	211,646	125,236	-	117,207	454,089
Queensland Project - Thermal Coal	-	-	308,312	4,824	-	313,136	DRC Copperbelt Region Project - Mutanda (MUMI)	-	81,551	32,434	188	16,806	130,979
Western Australian Project - Murrin Murrin Nickel	-	-	22,247	1,845	-	24,092		-	293,197	157,670	188	134,013	585,068
	-	3,138,641	1,442,343	18,660	-	4,599,644	Equatorial Guinea (EG)
Cameroon							Block I - Aseng Project	24,542	18,833	12,515	100	-	55,990
Bolongo Project	13,619	1,313	-	-	-	14,932	Block O - Alen Project	185,092	128,470	57,956	114	-	371,632
	13,619	1,313	-	-	-	14,932		209,634	147,303	70,471	214	-	427,622
Canada							Kazakhstan
British Columbia Project - Coking	-	-	-	673	-	673	Kazakhstan Projects - Kazzinc	-	170,894	200,445	277	-	371,616
Coal								-	170,894	200,445	277	-	371,616
Entity level	-	106,681	-	-	-	106,681
Ontario Project - various exploration projects	-	-	-	91	-	91
Quebec Project - Raglan	-	1,204	-	20,789	-	21,993
Quebec Project - various exploration projects	-	-	-	132	-	132
	-	107,885	-	21,685	-	129,570

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

	Production	Taxes on
Amounts in US\$ '000	entitlements 20234	income 20235,6	Royalties 20237	Fees 20238	Infrastructure improvements9	Total 2023
Peru16
Animon Project - Minera Chungar	-	(406)	2,663	1,011	-	3,268
Antamina Project - Minera Antamina	-	196,683	63,711	-	-	260,394
Cusco Project - Minera Antapaccay	-	96,716	41,121	1,352	-	139,189
Huaral Project - Generación Eléctrica Rio Baños	-	136	-	-	-	136
Huaral Project - Hidroelectrica Tingo	-	254	-	-	-	254
Huarochiri Project - Hidroelectrica Huanchor	-	786	-	10	-	796
Pasco Project - Empresa Administradora Cerro	-	3,615	954	61	-	4,630
Pasco Project - Minera Aurifera Toruna	-	-	-	1	-	1
Pasco Project - Minera Paragsha	-	162	-	229	-	391
Vinchos Project - EE-Vinchos Ltda.	-	80	-	14	-	94
Yauli Project - Volcan Cia Minera SAA	-	19,371	7,191	519	-	27,081
	-	317,397	115,640	3,197	-	436,234
South Africa
Limpopo Province Project - Ferroalloys assets	-	89,676	26,510	-	-	116,186
Mpumalanga Province Project - Thermal Coal	-	85,512	26,579	-	-	112,091
North West Province Project - Ferroalloys assets	-	49,035	8,487	-	-	57,522
	-	224,223	61,576	-	-	285,799
Total	223,253	6,581,195	2,621,915	55,283	134,013	9,615,659

¹⁶ As disclosed in May 2024, Glencore has disposed of its stake in Volcan. See About this report on page 24 for further information.

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Payments by region and commodity

	Production	Taxes on			Infrastructure
	entitlements	income	Royalties	Fees	improvements	Total
Amounts in US\$ '000	20234	20235,6	20237	20238	20239	2023
Coal assets
Australian Coking Coal	-	-	340,612	1,884	-	342,496
Australian Thermal Coal	-	8,248	1,000,837	10,017	-	1,019,102
Colombia: Cerrejón	-	1,881,751	482,791	10,346	-	2,374,888
Colombia: Prodeco	-	2,908	-	-	-	2,908
North America Coking Coal	-	-	-	673	-	673
South African Thermal Coal	-	85,512	26,579	-	-	112,091
	-	1,978,419	1,850,819	22,920	-	3,852,158
Copper assets
Africa: Katanga, Mutanda	-	293,197	157,670	188	134,013	585,068
Australia: Cobar14	-	-	3,532	255	-	3,787
Other South America: Lomas Bayas, Antapaccay, El Pachon Project	-	154,827	41,121	2,068	-	198,016
South America: Antamina	-	196,683	63,711	-	-	260,394
South America: Collahuasi	-	237,572	90,979	-	-	328,551
	-	882,279	357,013	2,511	134,013	1,375,816
Corporate & entity level
Entity level	-	3,237,074	-	-	-	3,237,074
Various exploration projects	-	-	-	223	-	223
	-	3,237,074	-	223	-	3,237,297
Ferroalloys assets
South Africa: Ferroalloys assets	-	138,711	34,997	-	-	173,708
	-	138,711	34,997	-	-	173,708
Nickel assets
Australia: Murrin Murrin	-	-	22,247	1,845	-	24,092
North America: Raglan, Qaqqalik Landholding, Makivvik	-	1,204	-	20,789	-	21,993
	-	1,204	22,247	22,634	-	46,085

	Production	Taxes on			Infrastructure
	entitlements	income	Royalties	Fees	improvements	Total
Amounts in US\$ '000	20234	20235,6	20237	20238	20239	2023
Oil assets
Cameroon	13'619	1,313	-	-	-	14,932
Equatorial Guinea (EG)	209'634	147,303	70'471	214	-	427,622
	223,253	148,616	70,471	214	-	442,554
Zinc assets
Australia: Mount Isa, McArthur River	-	-	75,115	4,659	-	79,774
Kazakhstan: Kazzinc	-	170,894	200,445	277	-	371,616
Other Zinc: Argentina, Peru	-	23,998	10,808	1,845	-	36,651
	-	194,892	286,368	6,781	-	488,041
Total	223,253	6,581,195	2,621,915	55,283	134,013	9,615,659

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Extractive Industries Transparency Initiative

We recognise the contribution of EITI's principles of transparency and accountability towards establishing a global standard of good governance for the extractive and commodity trading industries.

As part of our extractive business, our industrial assets in EITI implementing countries contribute, where applicable, to the national EITI reports by providing the relevant EITI disclosure to the multistakeholder-groups in country.

Since 2017, we have disclosed our commodity trading payments made to state-owned enterprises (SOEs) in EITIimplementing countries for oil and gas purchases and since 2019, for metals and minerals.

The EITI's transparency and accountability principles also cover minerals sold by SOEs in EITI-implementing countries. As such, we disclose the relevant payments we made to SOEs in EITI-implementing countries for the purchases of minerals and metals.

Our commodity trading payments disclosures have been prepared with regard to the EITI's Reporting Guidelines for companies buying oil, gas and minerals from governments and SOEs.

Oil and gas

Payments for crude oil and gas purchased from SOEs in EITI countries.

To the extent possible, we have provided information detailing the purchases of oil and gas from SOEs in EITI-implementing countries in line with their EITI commitment to more detailed disclosures. For the avoidance of doubt, this excludes purchases from counterparties in EITI countries or SOEs of EITI-implementing countries where the disclosure of information in accordance with Requirement 4.2 of the EITI Standard is not applicable. We believe that the level of detail disclosed furthers the EITI's objective of increased transparency and governance, as well as supporting civil society to hold governments to account.

During 2023, we did not enter into any oil and gas swap transactions with SOEs in EITI countries.

Counterparty	Counterparty		Buying				Bill of lading
name	country	Load port	entity	Volume Grade		Incoterm		date Type of oil
SONANGOL - Sociedade Nacional De Combustiveis De Angola EP	Angola	Angola	Glencore Energy UK Ltd		909.88 Cabinda	FOB	30.01.23	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd	954.68 Doba		FOB	11.12.2022	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd		899.5 Doba	FOB	17.11.2022	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd		997.22 Doba	FOB	06.02.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd	953.98 Doba		FOB	03.04.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd	996.09 Doba		FOB	07.05.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd	996.59 Doba		FOB	27.05.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd		933.24 Doba	FOB	14.06.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd	997.89 Doba		FOB	19.08.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd	949.87 Doba		FOB	23.09.2023	Equity Production from NOCs owned domestic fields
Societe des hydrocarbures du Tchad	Chad	Cameroon	Glencore Energy UK Ltd		950.8 Doba	FOB	07.10.2023	Equity Production from NOCs owned domestic fields
Aggregate value: US\$815,010,636

Payments for oil purchased from SOEs in non-EITI countries

We have aggregated this information by volume and value only as these countries have not committed to detailed disclosures.

Volume (thousand barrels)	Value (US\$)
124,216	10,308,282,739

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Metals and minerals

Payments for metals and minerals purchased from SOEs in EITI countries

To the extent possible, we have provided information on purchases of metals and minerals from SOEs in EITI-implementing countries. This excludes purchases from counterparties in EITI countries or SOEs of EITI-implementing countries where Requirement 4.2 of the EITI Standard is not applicable.

Where zero Mt is indicated for volume this reflects sales made in 2022 with a corresponding payment made in 2023.

Aluminium

Counterparty name	Counterparty country	Load port	Buying entity	Volume	(Mt) Commodity	Incoterm	Bill of lading date
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		378 Aluminium	CIF	01.03.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		153 Aluminium	CIF	01.05.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		227 Aluminium	CIF	03.03.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		153 Aluminium	CIF	03.05.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		254 Aluminium	CIF	04.02.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		0 Aluminium	CIF	04.04.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		127 Aluminium	CIF	04.05.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		228 Aluminium	CIF	05.04.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		202 Aluminium	CIF	05.06.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		431 Aluminium	CIF	07.01.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		203 Aluminium	CIF	08.05.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		0 Aluminium	CIF	12.01.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		99 Aluminium	CIF	12.02.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		203 Aluminium	CIF	15.04.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		356 Aluminium	CIF	15.05.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		102 Aluminium	CIF	16.03.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		249 Aluminium	CIF	17.02.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		0 Aluminium	CIF	20.02.2023

Counterparty	Counterparty		Buying	Volume			Bill of lading
name	country	Load port	entity		(Mt) Commodity	Incoterm	date
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		102 Aluminium	CIF	21.03.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		279 Aluminium	CIF	24.04.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		101 Aluminium	CIF	25.01.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		355 Aluminium	CIF	27.01.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		303 Aluminium	CIF	27.03.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		127 Aluminium	CIF	29.03.2023
Compagnie Camerounaise de l'Aluminium - ALUCAM S.A.	Cameroon	Douala	GIAG		0 Aluminium	CIF	31.12.2022
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	01.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		22 Aluminium	FOB	01.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		67 Aluminium	FOB	01.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	01.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		134 Aluminium	FOB	02.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		110 Aluminium	FOB	02.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		113 Aluminium	FOB	02.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		113 Aluminium	FOB	03.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		158 Aluminium	FOB	03.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		45 Aluminium	FOB	03.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		89 Aluminium	FOB	03.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		490 Aluminium	FOB	03.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		497 Aluminium	FOB	03.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		156 Aluminium	FOB	04.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		203 Aluminium	FOB	04.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		387 Aluminium	FOB	04.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		384 Aluminium	FOB	04.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		495 Aluminium	FOB	04.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		112 Aluminium	FOB	04.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	04.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		134 Aluminium	FOB	05.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		137 Aluminium	FOB	05.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		207 Aluminium	FOB	05.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		173 Aluminium	FOB	05.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	06.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		178 Aluminium	FOB	06.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		90 Aluminium	FOB	06.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		112 Aluminium	FOB	06.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		246 Aluminium	FOB	06.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		136 Aluminium	FOB	06.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		157 Aluminium	FOB	06.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		159 Aluminium	FOB	06.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		242 Aluminium	FOB	07.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		91 Aluminium	FOB	07.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		68 Aluminium	FOB	07.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		336 Aluminium	FOB	07.06.2023

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Counterparty	Counterparty		Buying	Volume			Bill of lading	Counterparty	Counterparty		Buying	Volume			Bill of lading
name	country	Load port	entity		(Mt) Commodity	Incoterm	date	name	country	Load port	entity		(Mt) Commodity	Incoterm	date
Talco Management Limited	Tajikistan	Dushanbe	GIAG		343 Aluminium	FOB	07.08.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		94 Aluminium	FOB	15.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	08.03.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		158 Aluminium	FOB	15.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		22 Aluminium	FOB	08.05.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		293 Aluminium	FOB	15.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		93 Aluminium	FOB	08.08.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		600 Aluminium	FOB	15.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		198 Aluminium	FOB	08.09.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		200 Aluminium	FOB	16.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		272 Aluminium	FOB	08.11.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		153 Aluminium	FOB	16.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		624 Aluminium	FOB	08.12.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		516 Aluminium	FOB	16.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		432 Aluminium	FOB	09.01.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	16.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		111 Aluminium	FOB	09.02.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		67 Aluminium	FOB	16.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		112 Aluminium	FOB	09.03.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		203 Aluminium	FOB	16.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		157 Aluminium	FOB	09.05.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		133 Aluminium	FOB	17.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		114 Aluminium	FOB	09.06.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		45 Aluminium	FOB	17.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		68 Aluminium	FOB	09.10.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		335 Aluminium	FOB	17.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		45 Aluminium	FOB	09.11.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		223 Aluminium	FOB	17.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		454 Aluminium	FOB	10.01.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		159 Aluminium	FOB	17.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		89 Aluminium	FOB	10.03.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		157 Aluminium	FOB	17.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		383 Aluminium	FOB	10.04.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	17.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		45 Aluminium	FOB	10.05.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		135 Aluminium	FOB	18.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		299 Aluminium	FOB	10.07.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		44 Aluminium	FOB	18.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		136 Aluminium	FOB	10.08.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		136 Aluminium	FOB	18.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		339 Aluminium	FOB	10.10.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		90 Aluminium	FOB	18.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	11.04.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		135 Aluminium	FOB	18.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		136 Aluminium	FOB	11.07.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		224 Aluminium	FOB	19.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		90 Aluminium	FOB	11.08.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	19.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		67 Aluminium	FOB	11.10.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		114 Aluminium	FOB	19.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		66 Aluminium	FOB	11.12.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	19.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	12.01.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		288 Aluminium	FOB	20.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		111 Aluminium	FOB	12.04.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		68 Aluminium	FOB	20.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		156 Aluminium	FOB	12.05.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		207 Aluminium	FOB	20.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		179 Aluminium	FOB	12.06.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		90 Aluminium	FOB	20.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		137 Aluminium	FOB	12.07.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		138 Aluminium	FOB	20.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		455 Aluminium	FOB	12.09.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		248 Aluminium	FOB	20.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		90 Aluminium	FOB	13.04.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	20.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		136 Aluminium	FOB	13.06.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		247 Aluminium	FOB	21.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		69 Aluminium	FOB	13.09.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		93 Aluminium	FOB	21.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		200 Aluminium	FOB	13.10.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		248 Aluminium	FOB	21.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		541 Aluminium	FOB	13.11.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		112 Aluminium	FOB	21.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	14.02.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		290 Aluminium	FOB	22.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		158 Aluminium	FOB	14.03.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		224 Aluminium	FOB	22.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		159 Aluminium	FOB	14.04.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		111 Aluminium	FOB	22.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		66 Aluminium	FOB	14.06.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		179 Aluminium	FOB	22.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		68 Aluminium	FOB	14.07.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		158 Aluminium	FOB	22.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		267 Aluminium	FOB	14.08.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		201 Aluminium	FOB	22.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	14.11.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		67 Aluminium	FOB	22.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		91 Aluminium	FOB	14.12.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		137 Aluminium	FOB	23.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		114 Aluminium	FOB	15.02.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		200 Aluminium	FOB	23.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		133 Aluminium	FOB	15.03.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		156 Aluminium	FOB	23.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		246 Aluminium	FOB	15.05.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		196 Aluminium	FOB	23.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		201 Aluminium	FOB	15.06.2023	Talco Management Limited	Tajikistan	Dushanbe	GIAG		203 Aluminium	FOB	23.11.2023

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Counterparty name	Counterparty country	Load port	Buying entity	Volume	(Mt) Commodity	Incoterm	Bill of lading date
Talco Management Limited	Tajikistan	Dushanbe	GIAG		136 Aluminium	FOB	24.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		22 Aluminium	FOB	24.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		200 Aluminium	FOB	24.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		113 Aluminium	FOB	24.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		89 Aluminium	FOB	24.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		228 Aluminium	FOB	24.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		406 Aluminium	FOB	24.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		159 Aluminium	FOB	25.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		157 Aluminium	FOB	25.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		228 Aluminium	FOB	25.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		46 Aluminium	FOB	25.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	26.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		134 Aluminium	FOB	26.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		246 Aluminium	FOB	26.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		91 Aluminium	FOB	26.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	26.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		69 Aluminium	FOB	27.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		204 Aluminium	FOB	27.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		334 Aluminium	FOB	27.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		45 Aluminium	FOB	27.04.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		92 Aluminium	FOB	27.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		113 Aluminium	FOB	27.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		429 Aluminium	FOB	27.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		70 Aluminium	FOB	27.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	28.02.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		111 Aluminium	FOB	28.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		111 Aluminium	FOB	28.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		203 Aluminium	FOB	28.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		132 Aluminium	FOB	29.03.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		113 Aluminium	FOB	29.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		134 Aluminium	FOB	29.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		396 Aluminium	FOB	29.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		179 Aluminium	FOB	29.09.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		636 Aluminium	FOB	29.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		179 Aluminium	FOB	30.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		23 Aluminium	FOB	30.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		295 Aluminium	FOB	30.06.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		113 Aluminium	FOB	30.08.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		157 Aluminium	FOB	30.10.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		336 Aluminium	FOB	30.11.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		182 Aluminium	FOB	31.01.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		201 Aluminium	FOB	31.05.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		502 Aluminium	FOB	31.07.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	31.12.2023
Talco Management Limited	Tajikistan	Dushanbe	GIAG		0 Aluminium	FOB	31.12.2023
Aggregate value: US\$80,612,985

Counterparty	Counterparty			Volume			Bill of lading
name	country	Load port	Buying entity		(Mt) Commodity	Incoterm	date
Chambishi Metals plc	Zambia	Kitwe / Beira	GIAG		22451 Copper blister	DAP	25.01.2023 - 28.01.2024
PT Freeport Indonesia	Indonesia	Amamapari	Glencore AG		122021 Copper concentrates	CIF	18.02.2023 - 15.11.2023
PT Freeport Indonesia	Indonesia	Surabaya	Glencore AG		132 Slimes	CIF	28.12.2023 - 31.12.2023
Mopani Copper Mines plc	Zambia	Kitwe	GIAG		54593 Copper cathodes FCA		01.11.2022 - 03.12.2023
Mopani Copper Mines plc	Zambia	Dar es Salaam	GIAG		226 Slimes	DAP	01.02.2023 - 13.11.2023
OK Tedi Mining Ltd	Papua New Guinea	Kiunga	GIAG		10780 Copper concentrates	CIF	27.06.2023
Ok Tedi Mining Limited	Papua New Guinea	Port Moresby, Papua New Guinea	Pasar Philippine Associated Smelting & Refining Corporation		40,072 Copper Concentrate	CIF	05.01.2023 - 01.10.2023

Iron ore

Counterparty name	Counterparty country	Load port	Buying entity	Volume	(Mt) Commodity	Incoterm	Bill of lading date
La Societe Nationale	Mauritania	Nouadhibou	GIAG		177,165 025 ; Iron Ore	FOB	25.01.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		177,239 025 ; Iron Ore	FOB	28.02.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		89,260 025 ; Iron Ore	FOB	13.03.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		89,259 025 ; Iron Ore	FOB	13.03.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		203,519 025 ; Iron Ore	FOB	30.03.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		175,644 025 ; Iron Ore	FOB	08.04.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		99,290 025 ; Iron Ore	FOB	30.04.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		78,649 025 ; Iron Ore	FOB	30.04.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		98,084 025 ; Iron Ore	FOB	05.06.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		78,649 025 ; Iron Ore	FOB	05.06.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		177,275 025 ; Iron Ore	FOB	04.07.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		177,567 025 ; Iron Ore	FOB	24.07.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		166,436 025 ; Iron Ore	FOB	26.08.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		174,411 025 ; Iron Ore	FOB	14.09.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		176,219 025 ; Iron Ore	FOB	26.09.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		173,147 025 ; Iron Ore	FOB	08.10.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		177,505 025 ; Iron Ore	FOB	13.10.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		202,422 025 ; Iron Ore	FOB	18.10.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		172,572 025 ; Iron Ore	FOB	29.10.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		174,215 025 ; Iron Ore	FOB	12.11.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		173,120 025 ; Iron Ore	FOB	16.11.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		200,800 025 ; Iron Ore	FOB	28.11.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		81,256 025 ; Iron Ore	FOB	14.12.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		92,655 025 ; Iron Ore	FOB	14.12.2023
La Societe Nationale	Mauritania	Nouadhibou	GIAG		177,865 025 ; Iron Ore	FOB	22.12.2023
Aggregate value: US\$327,507,249

Introduction	Our contribution	Additional information
How we contribute	Our payments to governments	Extractive Industries Transparency Initiative

Payments made to SOEs for the purchase of minerals and metals in non-EITI supporting countries during 2023

We have aggregated this information by value only as these countries have not committed to detailed disclosures. During 2023, our purchases included aluminium; alumina; copper, molybdenum, lead and zinc concentrates; copper cathode; copper, cobalt, tin and zinc metals; high-carbon ferrochrome; nickel; coal; and sulphuric acid, with an aggregate value of US\$4,688,034,441.

	Strategic overview	Material topics		Additional information
	Appendix One - Detailed country disclosures	About this report	Further information

Appendix One – Detailed country disclosures

We have received specific requests from civil society organisations and other interested stakeholders for a more detailed breakdown of the contributions we make in the Democratic Republic of the Congo and South Africa. These contributions are detailed below and on the following page.

Democratic Republic of the Congo (DRC)

The following details our payments to the DRC government from 2021 to 2023:

US\$'000		Payroll17		State royalties			Corporate tax
Year	KCC	MUMI	Total DRC	KCC	MUMI	Total DRC	KCC	MUMI	Total DRC
2021	29,641	8,769	38,410	165,599	10,083	175,682	155,876	143,554	299,430
2022	33,100	10,163	43,263	193,500	84,839	278,339	464,050	5,308	469,358
2023	37,599	12,216	49,816	125,235	32,434	157,669	211,645	81,552	293,197
Total	100,340	31,149	131,489	484,334	127,356	611,690	831,571	230,414	1,061,985

US\$'000	Provincial (road) taxes		Export taxes			Import taxes
Year	KCC	MUMI	Total DRC	KCC	MUMI	Total DRC	KCC	MUMI	Total DRC
2021	26,720	2,820	29,540	85,002	4,560	89,562	81,717	43,024	124,741
2022	21,450	6,525	27,975	37,317	8,454	45,771	92,759	18,619	111,378
2023	17,250	5,183	22,433	26,145	7,003	33,148	79,638	10,467	90,106
Total	65,420	14,528	79,948	148,464	20,017	168,481	254,114	72,110	326,225

USD'000	Central Bank tax on repatriations		Other			Total tax
Year	KCC	MUMI	Total DRC	KCC	MUMI	Total DRC	KCC	MUMI	Total DRC
2021	7,372	393	7,765	64,378	26,642	91,020	616,305	239,845	856,150
2022	6,316	941	7,257	105,076	49,340	154,416	953,568	184,190	1,137,758
2023	4,788	1,679	6,467	187,499	83,011	270,510	689,801	233,544	923,345
Total	18,476	3,012	21,488	356,953	158,993	515,946	2,259,674	657,580	2,917,254

¹⁷ Payroll taxes: include payments made by the employer only.

Strategic overview	Material topics	Additional information
Appendix One - Detailed country disclosures	About this report	Further information

Appendix One – Detailed country disclosures continued

South Africa

The following details our payments to the South African government from 2021 to 2023:

Corporate tax			State royalties			Payroll18			US\$'000
Total Extractive	Coal	Ferroalloys	Total Extractive	Coal	Ferroalloys	Total Extractive	Coal	Ferroalloys	Year
212,209	129,436	82,773	61,761	57,367	4,394	6,661	2,570	4,091	2021
603,882	406,479	197,403	176,494	148,377	28,117	6,271	4,167	2,104	2022
224,223	85,512	138,711	61,575	26,578	34,997	5,702	1,883	3,819	2023
1,040,314	621427	418,887	299,830	232,322	67,508	18,634	8,620	10,014	Total

US\$'000	Other						Total tax
Year	Ferroalloys	Coal	Other19	Total Extractive	Non Extractive20	Total South Africa	Ferroalloys	Coal	Other	Non Extractive	Total South Africa
2021	76,989	47,629	(20,428)	104,189	1,687,638	1,791,828	168,247	237,002	(20,428)	1,687,638	2,072,459
2022	84,339	42,004	(15,052)	111,291	1,555,756	1,667,047	311,963	601,027	(15,052)	1,555,756	2,453,694
2023	76,433	37,989	(11,608)	102,813	988,476	1,091,289	253,960	151,962	(11,608)	988,476	1,382,789
Total	237,760	127,621	(47,088)	318,294	4,231,164	4,550,164	734,169	989,990	(47,088)	4,231,870	5,908,942

¹⁸ Payroll taxes: include payments made by the employer only.

¹⁹ Amount mainly refers to diesel rebates, not in scope for the UK Transparency Requirements.

²⁰ Amount mainly comprises fuel levies within Astron Energy, a refinery and downstream marketing business, which is out of scope for the UK Transparency Requirements.

Strategic overview	Material topics		Additional information
Appendix One - Detailed country disclosures	About this report	Further information

About this report

Basis of preparation and scope

This report has been prepared in line with UK Transparency Requirements, which were introduced to implement the payments to governments requirements provided for in the EU Transparency and Accounting Directives (in the form as they continue to apply following the UK's exit from the European Union) and includes a voluntary additional report of payments by 'regions and commodity'.

The consolidation perimeter for this report is substantially the same as the segmental basis of reporting described in note 2 to the 2023 financial statements and the related discussion of Alternative Performance Measures beginning on page 282 of the 2023 Annual Report. This means that Glencore's proportionate shares of 33.8% and 44% in the independently managed JVs Antamina and Collahuasi's tax payments (taxes on income and royalties only), respectively, have been included.

As announced in early May 2024, Glencore has sold its stake in Volcan Compañia Minera S.A.A. (Volcan). The consolidation perimeter of this report includes Volcan's tax payments on a 100% basis.

For purposes of this report, governments refers to any national, regional or local authority of a country and includes any department, agency or undertaking controlled by such an authority. The presentation of taxes, production entitlements, royalties and other payments to governments is on a cash-paid basis during the reporting period. We convert in-kind payments into monetary value at the date of settlement. The report includes all such payments for activities that relate to exploration, discovery, development and extraction of minerals, oil, coal deposits and other materials resulting from extracting activities of each of our operations.

Payments made to a government as a single payment or as a series of related payments of £86,000 or more made in a financial year form part of this report.

We have reviewed the payments of bonus and dividend payments to governments during the reporting period and found that no such payments were made. For the purpose of this report, bonuses are payments to government units related to awards, grants, or transfer of extraction rights. Payments can be in the form of periodic payments or a fixed amount upon signing of a contract, achievement of certain production levels or targets and discovery of (additional) mineral resources or deposits. Dividends are payments so named to governments, other than dividends to government units in their capacity as ordinary shareholders in an enterprise. Such dividends are normally paid to a government in lieu of production entitlements or royalties.

For the purpose of this report, a project is defined as operational activities that are governed by a single contract, license, lease, concession or similar legal agreements and form the basis for payment of liabilities to a government. Where multiple such agreements are substantially interconnected, this is considered as a single project. Most of Glencore's extractive operations are covered by operationally and geographically connected contracts and activities.

In line with the requirements of the UK Transparency Requirements, this report excludes payments related to refining, processing, marketing and trading, as these are not in the scope of the UK Transparency Requirements, however, such payments are provided as an additional voluntary disclosure on page 11, to reconcile to the Group's overall payments to governments as presented in our 2023 Annual Report and Sustainability Report, which should be read alongside our Basis of Reporting 2023, which sets out how we calculate the total amount of payments made to governments (not reported in accordance with the UK Transparency Requirements).

In addition, we have included information on our tax strategy. We further disclose payments to governments connected with our extractive activity to meet the Extractive Sector Transparency Measures Act requirements in Canada.

To the extent possible, we have also included information on commodity trading payments made to state-owned (50% or more) enterprises of countries compliant with the Extractive Industries Transparency Initiative (EITI) for oil as well as metals and minerals originating from those countries. We prepared these disclosures with regard to the EITI's Reporting Guidelines for companies buying oil, gas and minerals from governments and exclude purchases from counterparties in EITI countries or SOEs of EITI-implementing countries where the disclosure of information in accordance with Requirement 4.2 of the EITI Standard is not applicable. For the purpose of this report, an SOE is defined as a wholly or majority government-owned company that is engaged in extractive activities on behalf of the government.

Glencore supports the voluntary Tax Transparency Code in Australia, and our Australian business publishes a separate report to meet the requirements of the Australian Tax Transparency Code.

Strategic overview	Material topics		Additional information
Appendix One - Detailed country disclosures	About this report	Further information

Further information

Important notice

This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore's 2023 Annual Report, which is available at glencore.com/publications. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.

Information preparation

In preparing this document, Glencore has made certain estimates and assumptions that may affect the information presented. Certain information is derived from management accounts, is unaudited and based on information Glencore has available to it at the time. Figures throughout this document are subject to rounding adjustments. The information presented is subject to change at any time without notice and we do not intend to update this information except as required.

This document contains alternative performance measures which reflect how Glencore's management assesses the performance of the Group, including results that exclude certain items included in our reported results. Further details and information needed to reconcile such information to our reported results can be found in the section of our Annual Report entitled 'Alternative Performance Measures' which is available on our website.

Subject to any terms implied by law which cannot be excluded, Glencore accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by any person as a result of any error, omission or misrepresentation in information in this document.

Other information

The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

Contact us

Glencore plc Baarermattstrasse 3 6340 Baar Switzerland

Tel: +41 41 709 2000 E-mail: info@glencore.com

glencore.com

Our sustainability communications

In addition to this 2023 Payments to Governments Report, publications such as our 2024- 2026 Climate Action Transition Plan and our annual corporate reporting suite reflect our commitment to transparent disclosure across a broad range of topics. Our annual reporting suite includes:

2023 Annual Report 2023 Sustainability Report 2023 Modern Slavery Statement 2023 Ethics and Compliance Report 2023 Voluntary Principles Report

About Glencore

Glencore is Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.

With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.