HomeEnergy MineralsGlencore coal output doubles

Glencore coal output doubles

Baar, Switzerland — 14 February, 2013 – Glencore International plc “’ the world’s largest publicly traded commodities supplier “’ says that its 2012 coal production more than doubled after the acquisition of new operations in South Africa.

In a production report for the year ended 31 December 2012, the Swiss-based company revealed that  output of the fuel used in power stations rose to 41.8Mt from 20.5Mt. Copper output rose 3.9% to 376,700t.

Glencore is seeking to complete a US$36 billion takeover of Xstrata plc next month, adding coal, zinc, copper and nickel assets to create the world’s fourth-biggest mining company. The combined entity will have interests in about 35 coal mines in Colombia, Africa and Australia, and account for about 10% of global seaborne exports.

Cobalt production gained 1.6% to 13,090t, Glencore said, and zinc production was 534,400t.

Source: Glencore International plc. For more information, click here.