Glencore's copper output down 3% in H1 on lower grade, maintenance

Glencore’s copper production totalled 730,900 tonnes for the first half of 2015, down 3% compared with the same period last year.

The company's total copper output for the second quarter increased 2% year-on-year to 380,200 tonnes, up from 371,700 tonnes in Q2 2014. The miner attributed the half-year decline to lower grade at Alumbrera and Antamina, as well as planned maintenance at Collahuasi, though its production at African copper mines saw growth in the first half. Total African copper production rose 10% year-on-year to 232,500 tonnes, with Katanga up 6%, Mutanda up 7% and Mopani up 21%. Glencore’s share of...

Published

Kiki Kang

August 13, 2015

08:46 GMT

Shanghai