Industryweek 6138 Glencore Xstrata Merger 1

Glencore Xstrata Copper Output Rises 26%

Feb. 11, 2014
The group is also a major player in the energy sector, and saw coal production increase by 4% to 138 million tons thanks to expanding operations in Colombia and Australia.

ZURICH -- Reaching 1.5 million tons, Glencore Xstrata (IW 1000/11) said on Tuesday that its copper production rose by 26% in 2013 from output the previous year.

Copper is a key measure of the health of the commodities sector, and the Swiss-based group said that output growth was driven by mining in the Democratic Republic of Congo, Chile, Peru and Australia.

Zinc production fell by 9% to 1.39 million tons owing to the end of mining at sites in Australia and Canada, but that falling trend was set to halt this year thanks to projects in Australia and Africa, the group said.

Production of lead also fell by 2% to 315,000 tons, while nickel output dropped by 4.0 percent to 98,400 tons.

Glencore Xstrata's gold production was robust, however, increasing by 14% to just over one million ounces, fuelled by mines in Kazakhstan and Peru.

The group is also a major player in the energy sector, and saw coal production increase by 4% to 138 million tons thanks to expanding operations in Colombia and Australia.

The group came into being with a mega merger in May 2013 between commodities giant Glencore and mining company Xstrata, both of which were already based in Switzerland.

Copyright Agence France-Presse, 2014

Popular Sponsored Recommendations

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Lean Manufacturing in the Age of the Industrial Internet

Oct. 24, 2023
Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!