Glencore receives approval from Australia's FIRB

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BAAR, Switzerland, July 26, 2012 /CNW/ - Glencore International plc ("Glencore") announced that on 26 July 2012 it received notice from the Foreign Investment Review Board (FIRB) that its acquisition of Viterra Inc. ("Viterra") has been approved. This completes the Australian regulatory approvals Glencore was required to obtain.

Chris Mahoney, Director of Agricultural Products, Glencore said, "We are very pleased to have received FIRB approval. For almost ten years Glencore has forged close relationships with Australian grain growers. The acquisition of Viterra will strengthen our commitment to the future of the Australian grain industry.

"We have noted the process improvement undertakings made by Viterra in its responses to the South Australian Post Harvest Working Group Review in the 2010/11 season and we are committed to implementing them. In addition, we intend to work closely with the Australian Competition and Consumer Commission (ACCC) to further refine access arrangements governing South Australian grain ports."

About Glencore International plc

Glencore is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.

SOURCE: Glencore International plc

For further information:

For enquiries about Glencore, please contact: 

Paul Smith (Investors)
t: +41 (0)41 709 2487 
m: +41 (0)79 947 1348
e: paul.smith@glencore.com

Elisa Morniroli (Investors)
t: +41 (0)41 709 2818
m: +41 (0)79 833 0508
e: elisa.morniroli@glencore.com

Charles Watenphul (Media)
t: +41 (0)41 709 2462
m:+41 (0)79 904 3320
e:charles.watenphul@glencore.com

Hintons (Media - Australia)
Tim Duncan
Angus Urquhart
T: +61 (0)3 9600 1979

Finsbury (Media)
Guy Lamming
Dorothy Burwell
T: +44 (0)20 7251 3801

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