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Glencore Xstrata’s first half copper output up 20%

Keywords: Tags  Glencore Xstrata, output, production, copper, zinc, lead, nickel

SINGAPORE — Glencore Xstrata Plc reported a 20 percent rise in copper output from its own mines in the first half of 2013, driven by an increase in African production.

Own-sourced copper production for the six months ended June 30 was 673,400 tonnes, the company said Aug. 14 in its first half-year production report since commodities group Glencore International Plc’s takeover of global miner Xstrata Plc in May.

African copper production rose 42 percent year on year to 171,500 tonnes on increased production at its Katanga and Mutanda mines in the Democratic Republic of Congo.

The group’s share of copper production at Collahuasi in Chile was 67,200 tonnes, a 5 percent increase compared to the first half of 2012, while its share of copper production at Antamina in Peru declined 9 percent to 62,200 tonnes in the same comparison due to planned lower copper head grades and recoveries.

Production in Asia and Australia totaled 127,600 tonnes of own-sourced copper, a 29 percent year-on-year increase, with improvements at all operations.

The company’s total zinc output using feed from own sources fell 3 percent year on year in the first half of 2013 to 729,500 tonnes.
Healthy growth in Australia, up 7 percent year on year to 298,400 tonnes of zinc, and the recently acquired Rosh Pinah operation, largely offset declines from its Brunswick and Perseverance operations in North America as they reached the end of their mine lives.

Lead output using feed from own sources fell 5 percent year on year to 153,200 tonnes in the quarter, while nickel output rose 1 percent in the same comparison to 54,600 tonnes.

A version of this article was first published in AMM sister publication Metal Bulletin.

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