Glencore's copper, coal output rise offsets decline in zinc, lead

 11 Feb 2014 - 10:40


LONDON: Glencore Xstrata said on Tuesday its copper production rose 26 percent and coal output was up 4 percent in the year to the end of December 2013, offsetting a weaker performance in zinc and lead. 

The firm, which among the diversified miners has the biggest exposure to copper, said its own sourced copper production for the period rose to 1.5 million tonnes, driven by strong growth at its operations in Africa, South America and Australia.

The company produced a total of 750,600 tonnes of copper cathode in 2013, up 21 percent on the year.

Lead and zinc output saw reductions of 9 percent and 2 percent, respectively. (Reuters)