2013 Half-Year Production Report

RNS Number : 6239L

Glencore Xstrata PLC

14 August 2013

 



2013 Half-Year Production Report

For the six months from 1 January to 30 June 2013

 

NEWS RELEASE

Baar, 14 August 2013

Following completion of the Glencore Xstrata merger on 2 May 2013, production information for H1 2013 and H1 2012 has been presented on a combined basis.

Key Highlights:

-  Total own sourced copper production of 673,400 tonnes, up 20% over the prior year period;

-  African copper own sourced production up 42% over the comparable period to 171,500 tonnes, with strong sequential semi-annual growth at Katanga and Mutanda of 21% and 26% respectively;

-  Production ramp up at Antapaccay and Mount Margaret (Ernest Henry) successfully continued, following respective commissioning in H2 2012;

-  Zinc production only modestly down (3%) as healthy growth from Australia, up 7% to 298,400 tonnes and the recently acquired Rosh Pinah operation, largely offset declines from Brunswick and Perseverance as they reached the end of their mine lives;

-  Own sourced gold production up 14% reflecting continued ramp up at Vasilkovskoye (Kazzinc);

-  Koniambo generated first commercial grade ferronickel during April 2013. Line 1 power station now complete and production expected to ramp up towards the end of the year, following certification testing;

-  Prodeco coal production up 22% to 9.6 million tonnes, reflecting successful delivery of the current expansion plan and recovery from a H2 2012 strike (sequential semi-annual growth was 39%). The new direct loading port, completed on time and budget, was commissioned in April 2013, achieving an average loading rate of 1.6 million tonnes per month;

-  Alen oil field project in Equatorial Guinea commenced production at the end of Q2 2013, significantly ahead of schedule and under budget.  Commissioning is underway with full operations expected by the end of Q3 2013; and

-  Agreed to sell Joe White Maltings of Australia (part of the Viterra acquisition), subject to regulatory approvals, to Cargill Inc.

For further information please contact:

Investors	Media
Paul Smith t: [phone] m: [phone] e: [e-mail]	Charles Watenphul t: [phone] m:[phone] e: [e-mail]
Investors	Investors	Finsbury (Media)
Martin Fewings t: [phone] m: [phone] e: [e-mail]	Elisa Morniroli t: [phone] m: [phone] e: [e-mail]	Guy Lamming Dorothy Burwell t: [phone]

www.glencorexstrata.com

Please click the link below to view the full Production Report

http://www.rns-pdf.londonstockexchange.com/rns/6239L_1-2013-8-13.pdf 

 

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