Page 18 precious metals such as gold silver platinum and palladium are also pro duced As a major employer and taxpayer Glencore is an important contributor to the area s economic health Glencore has two under ground nick elcopper mines in Sudbury Nickel Rim South and Fraser The Nickel Rim South Mine is currently Sud bury s lar gest mining operation The Strathcona concentrator receives ore from the two Sudbury mines as well as thirdparty custom feed ores and produces two concentrate streams a nickelcopper concentrate that goes to the Sudbury Smelter for smelting and a copper concentrate that goes to the Glencore Copper Division for maximum capacity of approximately 275 million tonnes of ore per year The Sudbury Smelter currently smelts Glencore Nickel Division nickel copper concentrate from the Sudbury Raglan in Quebec and XNA Austra lia operations and processes custom feed materials in the form of concen trates and secondary products It is capable of producing 95000 tonnes of nickel copper and cobalt in matte annually The smelted and gran ulated matte is sent by rail to lar g e port facilities in Quebec City then shipped overseas to Nikkelverk in Norway for Glencore is the third lar g est global mining company in the world by mar ket capitalization It is highly diversi raphy It produces and markets over 90 bulk commodities in over 50 countries Its growth prospects are underpinned by volume increases in its industrial as set base This provides incremental marketing opportunities The company has a unique integrated business model as its presence at each stage of the commodity chain makes a superior counterpart for its customers and provides it with superior market insight and access to investment op portunities Over a period of many years it has built a strong market reputation as a reliable and competitive supplier of quality product on a timely basis Success in its business requires exten sive market knowledge and logistics capability Glencore procures commodities from thousands of third party producers tion for its customers and enables it to identify opportunities to grow its asset base Its commodities are transformed into products used in everyday life such as mobile phones bicycles cutlery plastics and electricity Contd from pg 16 Glencor e third largest global mining company in the world by market capitalization SUDBUR Y MINING REPOR T 2014