Xstrata hoping for new projects to boost growth

Diversified mining group Xstrata saw stronger second-quarter production in coal, nickel, zinc and lead compared with the first quarter, but it was more of a mixed picture for the first half as a whole.

Diversified mining group Xstrata saw stronger second-quarter production in coal, nickel, zinc and lead compared with the first quarter, but it was more of a mixed picture for the first half as a whole.

Total mined copper output rose 7% quarter-on-quarter (q/q) in the three months to June 30th, helped by volumes from the recently commissioned Antamina expansion. However, volumes in the first half as a whole were down 18% on last year as the group continued its transition from older end-of-life mines to new mines and expansion projects - these are expected to increase overall production volumes going into the second half.

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