Johannesburg - Newly commissioned expansions and improved
productivity for resources group Xstrata helped deliver stronger second-quarter
production in coal‚ copper‚ nickel‚ zinc and lead compared with the first
quarter‚ the company said on Tuesday.
Releasing its production report for the six months ended
June 2012‚ the group reported total mined copper production rose 7% quarter on
quarter‚ including volumes from the Antamina expansion‚ which was successfully
commissioned in March.
“We continue our transition to new mines and expansions that
herald the start of increased copper production from the second half of 2012‚”
the company said.
Thermal coal volumes increased across all the group’s
regions - Australia‚ SA and Colombia - benefiting from new mines and improved
productivity at existing operations compared to the same period in 2011.
Mined nickel and ferronickel production rose by 5% compared
with first half of 2011‚ following improved volumes and higher grades at
Xstrata’s Canadian operations and a full six-month contribution from the
Falcondo ferronickel operation.
A total of 10 major approved growth projects will reach
commissioning in 2012 - Antamina (already commissioned)‚ Antapaccay‚ Lomas
Bayas‚ Mount Margaret (copper)‚ Ravensworth North and Ulan open cut (coal)‚
Koniambo (nickel)‚ Tswelopele (ferrochrome pelletising plant) and Lady Loretta
and George Fisher (zinc).
“The commissioning of tier one growth projects will reduce overall operating costs and improve the quality and robustness of our portfolio throughout the commodity cycle‚” it said.