[miningmx.com] – GLENCORE XSTRATA, newly created following a 15-month long takeover, said copper output increased 18% in the first quarter as its mines in Africa boosted output.
Bloomberg News, citing a Glencore Xstrata announcement this morning, added that coal output increased 1% to 32.7 million tonnes, although the bad news was that prices for coal exported from Australia were 23% lower.
Copper production came in at 321,800 tonnes in the first three month of the calendar year (March quarter) compared to 273,000 tonnes produced a year earlier. Output from mines in Africa was 44% higher, it said.
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