Glencore plc refers to its announcement of 28 June 2021, in which it announced its intention to acquire Anglo American's and BHP's respective 33.3% interests in Cerrejón. Following receipt of the relevant regulatory approvals, the transaction has been completed. The purchase price consideration of c.$588 million was based on an economic effective date of 31 December 2020. After taking into account the dividends generated by robust 2021 operating cashflows, together with certain other adjustments, the cash payment to be made by Glencore on completion is c.$101 million.

Glencore's acquisition of Cerrejón is consistent with climate change strategy and has been factored into stated emission reduction targets. Company is committed to reducing total emissions footprint by 15% by 2026, 50% by 2035 and company has an ambition of being a net zero total emissions business by 2050.