Glencore is a global coal mining company based in Switzerland. It’s US-based subsidiary, Glencore USA LLC, is incorporated in Delaware. Glencore's U.S. operations (100% owned by Glencore) listed on its website includes 24 separate companies, including the company's New York headquarters on Madison Avenue.
In Colombia, Glencore International is the 100% owner of several subsidiaries: C.I. Prodeco S.A., Carbones de la Jagua S.A., Carbones El Tesoro S.A., Consorcio Minero Unido S.A., Servicios Integrales de Cuidado y Mantenimiento Minero Ambiental S.A.S. (all in Barranquilla); Glencore Colombia SAS and Glencore Energy Colombia SAS (in Bogotá); and Sociedad Portuaria Puerto Nuevo S.A. (in Magdalena).
IRTF has been following the controversy around the Cerrejon Mine in Colombia for the past 20 years because of the negative impacts on local communities, including the Indigenous Wayúu in La Guajira Department (on the Atlantic coast and Venezuelan border). Cerrejon is Latin America’s largest open-pit coal mine. Once drinkable, the waters of the Ranchería River, now runs visibly dark.
Another layer of controversy is Glencore’s relationship with Israel. President Petro warned that if Glencore refuses to comply with the decree to suspend coal shipments to Israel, he would unilaterally alter its concession (permit) and would ask the local community near the mine to stage blockades.