Accenture has been chosen by Glencore Queensland to provide sourcing and procurement services for its copper and zinc businesses in Australia.

The contract is expected to deliver cost savings of more than $300m to Glencore over the next six years.

Under the six-year contract signed with Glencore, Accenture will provide end-to-end sourcing and procurement services and will bring category expertise, Cloud-based sourcing, category-management and procure-to-pay tools.

"Our teamwork with Accenture will deliver further productivity improvements and significant cost savings across our business."

The company will also provide market sourcing insights and analytics services to help the mining company increase procurement and sourcing benefits.

Glencore Mount Isa Mines central services general manager Trevor Gray said: "We are continuously reviewing opportunities to improve our global competitiveness and long-term sustainability.

"Our teamwork with Accenture will deliver further productivity improvements and significant cost savings across our business."

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Accenture will carry out the work at Glencore’s Mount Isa Mines operation, the Accenture Operational Efficiency Centre of Excellence in Brisbane and Accenture Global Delivery Network locations.

Accenture Resources managing director Joost Van De Meent said: "Mining clients continue to grapple with cost pressure in the ongoing environment of low commodity prices.

"Our solution will extend Glencore’s existing procurement capability to improve spend management and reduce transaction costs, while improving visibility across Glencore’s businesses."