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GLENCORE INTERNATIONAL AG

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Baarermattstrasse 3 - CH-6341
Baar
Switzerland
Phone: +41 41 709 20 00
Fax: +41 41 709 30 00

Company Summary

Glencore International AG, a privately-owned company organised under the laws of Switzerland and, together with its subsidiaries is a leading, diversified natural resources group with worldwide activity in the mining, smelting, refining, processing and trading of metals and minerals, energy products and agricultural products.

Company News

Wednesday, September 02, 2009
Property: NORTHMET
PolyMet Mining Corp. announced today that it has drawn the fourth tranche (the “Tranche D Debenture”) of US$5 million under the US$50 million convertible debt facility with Glencore AG, which closed on October 31, 2008. To date, a total of US$25 million has been drawn under the Facility, and US$573,000 of interest has been capitalized. The funds borrowed by Polymet will be used to complete critical engineering work and the Environmental Impact Study for the company’s NorthMet project.

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