Glencore-Xstrata, as it will be known once Glencore
International Plc and Xstrata Plc merge, will produce 2 million
tonnes of copper by 2016, making it the largest copper company
in the world, Xstrata Copper said Thursday.
"The merged company, if approval
is granted and other steps in the transaction are completed,
will produce well over 1 million tonnes in 2013," according to
executive general manager of business development and strategy
The approved projects would
represent growth toward the potential of 2 million tonnes by
2016, Greville said on the sidelines of AMM sister
publication Metal Bulletins 8th Asia Copper
Conference in Shanghai.
In 2011, Xstratas copper
output was 889,000 tonnes.
"(The deal) has not yet received
approval from the Chinese competition authority," Greville
The European Commission last
week approved the Glencore-Xstrata deal, but the deal has yet
to receive approval from either Chinas Ministry of
Commerce or the Competition Commission of South Africa, both of
which are seen as key to its success.
A version of this article was first published by AMM
sister publication Metal Bulletin.