Xstrata outlines goal to become No. 1 in copper

Nov 30, 2006 | 02:13 PM | Paul Harris

Xstrata Plc plans to boost capacity at its current copper operations and bring new projects online in a push to become the world's largest copper producer following the recent acquisition of Canada's Falconbridge Ltd., according to Charlie Sartain, chief executive officer of the company's Xstrata Copper unit.

Xstrata Copper is the world's fourth-largest producer, with estimated pro forma copper production of slightly more than 1 million tonnes in 2006, up 47 percent from 679,000 tonnes in 2005. Production is expected to reach 1.1 million tonnes next year.....

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