Glencore Xstrata OK depleting tonnages

Sep 10, 2013 | 01:25 PM | Claire Hack

Tags  Glencore Xstrata, Ivan Glasenberg, mining assets, Steve Kalmin, Las Bambas, copper project, Claire Hack

LONDON — Glencore Xstrata Plc "doesn’t mind" depleting tonnages at its mining assets, chief executive officer Ivan Glasenberg said during the company’s investor day webcast Sept. 10.

"It’s not the end of the world. We don’t need to have those graphs showing more production to maintain production," he said. "If we can’t maintain production at the right rate of return, so be it."....

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