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Glencore Xstrata raises cooper production by a fifth

15 Aug 2013
Glencore Xstrata raised copper production by a fifth in the first six months of the year amid a surge in output from African sources of the industrial metal.

The recently merged commodities trader and miner managed to increase African output of the metal 42% to 171,000 tonnes.

The company’s Las Bambas copper mining project was put up for sale last month, with an estimated price of over $4 billion.

Across the company’s portfolio of assets, gold production rose 14%, and coal production increased by 4% to 68 million tonnes.