Xstrata ramps up copper production after ’12 decline
Mar 05, 2013 | 02:39 PM
| Jethro Wookey
Tags
Xstrata,
copper,
zinc,
Jethro Wookey
LONDON — Xstrata Plc’s 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. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here