Xstrata ramps up copper production after ’12 decline
Mar 05, 2013 | 02:39 PM
| Jethro Wookey
LONDON Xstrata Plcs full-year mined copper output fell 16 percent in 2012, but the company boosted production in the second half of the year as it ramped up its various new projects.
As Xstrata Copper transitioned from older, end-of-life mines to new mines and expansions, planned lower volumes, together with production issues at Collahuasi, resulted in a 16-percent reduction in total mined copper production on 2011 performance, the company said.
However, copper production progressively increased quarter on quarter to reach an annualized production rate of approximately 900,000 tonnes in December, as we ramped up production at Ernest Henry, commissioned the Antamina plant expansion, commenced production at our new Mount Margaret and Antapaccay mines, and completed the Lomas Bayas II project, it noted. ....
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