The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Glencore Reports Lower Copper, Nickel and Coal Output for 2015
Feb. 11, 2016 10:11AM PST
Industrial MetalsGlencore plc (LSE:GLEN) released its production report for 2015, commenting on its output of copper, zinc and nickel, among other metals.
Glencore plc (LSE:GLEN) released its production report for 2015, commenting on its output of copper, zinc and nickel, among other metals.
Highlights are as follows:
- Own sourced copper production was down 3% to 1,502,200 tonnes in 2015, reflecting the suspension of processing operations at Katanga and a significant curtailment at Mopani. These volume reductions were partly offset by increases at Antapaccay (restart of the Tintaya mill in May 2015) and Antamina (strong milling performance).
- Own sourced zinc production was 1,444,800 tonnes, up 4%. The increase reflects, that prior to our October announcement regarding a number of measures to preserve the value of resources in the ground, the Australian assets, in particular, had ramped up significantly compared to 2014 levels. The announced production changes reduced full year mined zinc production by some 100,000 tonnes compared to pre-announcement guidance. Q4 2015 zinc production was 20% below Q3 2015.
- Own sourced nickel production was 96,200 tonnes, down 5%, due to the planned six-week shutdown of the Sudbury smelter and the impact of the metal leak at Koniambo in December 2014. Refinery production including third party was in line with 2014.
- Attributable ferrochrome production was 1,462,000 tonnes, 13% up on 2014, due to a full year’s contribution from the Lion 2 smelter.
- Coal production was down 10% to 131.5 million tonnes primarily due to curtailed production in response to market conditions and deconsolidation of Optimum Coal since its August 2015 placement into business rescue proceedings.
- Oil entitlement production increased by 44% to 10.6 million barrels, reflecting increased attributable production from the Badila and Mangara fields in Chad.
Click here to read the full Glencore plc (LSE:GLEN) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â