Glencore Xstrata sees copper production growth - CNBC Africa

Glencore Xstrata sees copper production growth


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Glencore Xstrata reported a copper production increase of 26 per cent in 2013. PHOTO: Getty Images

The global, diversified natural resources company, which has interests in copper, nickel, ferro alloys, aluminium, zinc, coal, oil and agriculture, indicated that African copper was up 43 per cent to 398,600 tonnes as Katanga and Mutanda successfully grew production.

“Total group copper production was 1,496,700 tonnes, an increase of 26 per cent against 2012. The increase is driven by the key growth projects at Katanga, Mutanda, Antapaccay and Ernest Henry, together with improved production from Collahuasi,” [DATA GLN:Glencore Xstrata] said.

“African copper produced 398,600 tonnes of copper in 2013. The growth has been achieved across all the key assets, mainly relating to the expansion projects at Katanga and Mutanda, both reaching production capacity of 200,000 tonnes per annum at the end of 2013. Cobalt production was 16,000 tonnes, a 50 per cent increase compared to 2012, driven primarily by Mutanda's expansion.”

Total coal production increased by four per cent from 132.2 million tonnes in 2012 to 138.1 million tonnes in 2013, while South African thermal coal production decreased by five per cent to 43.5 million tonnes in 2013.

“This relates mainly to proactively reducing production, including a decision not to produce bypass coal at Tweefontein, resulting in reduced yields, but higher quality coal, and a decision not to reclaim dump material at Impunzi. Adverse ground conditions, heavy rain, industrial action and some equipment delays also impacted production, particularly in Q4 2013,” it said.

Glencore Xstrata also has operations in Namibia, Zambia, the Democratic Republic of Congo, Tanzania, Equatorial Guinea, Cameroon, Chad and Burkina Faso, among others, on the African continent.