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Glencore Xstrata - IMS & First Quarter 2013 Production Report

Publié le 13 mai 2013

NEWS RELEASE

Baar, 13 May 2013

IMS & First Quarter 2013 Production Report
http://www.glencorexstrataplc.com/investors/reports-and-results/glencorexstrata/2013/ims-and-first-quarter-2013-production-report/

KEY HIGHLIGHTS

• Following the successful completion of the Glencore Xstrata merger on 2 May 2013, production information for Q1 2013, Q1 2012 and Q4 2012 has been presented on a combined basis.
• Total own sourced copper production up 18% over the prior year.
• African copper own sourced production up 44% over the comparable period to 83,600 tonnes, with strong sequential quarter on quarter growth at Katanga and Mutanda.
• Strong ramp up in own sourced copper production at Antapaccay and Mount Margaret (Ernest Henry) following commissioning in H2 2012.
• Strong growth in own sourced zinc production from the Australian operations, up 11% to 147,700 tonnes, driven by higher �­volumes from Mount Isa, including the commissioning of the new Lady Loretta mine and the expansion project at McArthur River.
• Koniambo generated first commercial grade ferronickel during April 2013, following line 1 furnace heat up during February 2013.
• Prodeco coal production up 19% to 5.0 million tonnes, reflecting the current expansion plan.
• Alen oil field development project in Block O Equatorial Guinea is nearing completion and remains on track for expected first production in Q3 2013.
• Overall, Marketing performance during the quarter was broadly in line with our expectations. Metals and Minerals delivered solid results despite some softening in prices towards the end of the quarter. Energy (coal and oil) saw markedly improved profitability during Q1 2013, while Agricultural Products has made a slow start to the year, in what is often a seasonally weaker quarter.

For further information please contact:

Paul Smith (Investors)                        Charles Watenphul (Media)                John Burton (Company Secretary)
t: +41 (0)41 709 2487                        t: +41 (0)41 709 2462                        t: +41 (0)41 709 2619
m: +41 (0)79 947 1348                         m:+41 (0)79 904 3320                        m: +41 (0)79 944 5434
e: paul.smith@glencore.com                 e: charles.watenphul@glencore.com        e: john.burton@glencore.com

Martin Fewings (Investors)                Elisa Morniroli (Investors)                Finsbury (Media)
t: +41 (0)41 709 2880                        t: +41 (0)41 709 2818                        Guy Lamming
m: +41 (0)79 737 5642                        m: +41 (0)79 833 0508                        Dorothy Burwell
e: martin.fewings@glencore.com        e: elisa.morniroli@glencore.com         t: +44 (0)20 7251 3801

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