Plc reported an 18-percent increase in copper output from its
own mines in the first quarter vs. the same quarter last
year due to a rise in production at its African
Total own-sourced copper output
stood at 321,800 tonnes in the first quarter, the company said
in its first joint production report after the takeover of
global miner Xstrata Plc by commodities trader Glencore
International Plc earlier this month.
The performance of the marketing
arm during the quarter was broadly in line with expectations,
the company said.
Antapaccay mine in Peru and Mount Margaret (Ernest Henry) mine
in Australia saw strong ramp-ups following commissioning in the
second half of 2012, the commodities company said. African
copper production was up 44 percent year on year to 83,600
tonnes with strong sequential quarter-on-quarter growth at its
Katanga and Mutanda mines in particular, it added.
Major expansion projects at
Katanga and Mutanda copper mines in the Democratic Republic of
Congo are expected to increase annual copper cathode production
to 270,000 tonnes and 200,000 tonnes respectively,
GlencoreXstrata said. Both projects are on track for completion
In the first quarter of 2013,
GlencoreXstratas total zinc output using feed from own
sources was largely flat at 386,900 tonnes. Meanwhile, lead
output fell 10 percent year on year to 80,000 tonnes in the
quarter, while nickel production rose 4 percent year on year to
"Metals and minerals delivered solid results despite some
softening in prices towards the end of the quarter," the
A version of this story was first published in AMM sister
publication Metal Bulletin.