25th Oct 2019 07:50
(Alliance News) - Swiss miner and commodities trader Glencore PLC on Friday reported a dip in quarterly copper output, but cobalt production staged a rebound.
For the three months to September, copper output fell 4% to 1.0 million tonnes on the year prior, but cobalt output climbed 21% to 34,400 tonnes.
Glencore said the fall in copper production was due to a reshaping of operations at the Mutanda mine in the Democratic Republic of the Congo, a smelter shut-down for refurbishment at Mopani in Zambia, and the disposal and depleted of South American assets.
Cobalt production improved, Glencore said, following a ramp-up of operations at Katanga in the DRC.
Elsewhere, zinc production rose 3% to 809,200 tonnes after a contribution from Mount Isa and improved production at McArthur River, both in Australia.
Lead output rose 12% to 219,800 tonnes, but nickel production fell 2% to 89,400 tonnes. Nickel output declined due to a "challenging" ramp-up at the Koniambo mine in New Caledonia.
Glencore's coal production rose 8% due to a full-year contribution from two acquisitions made during 2018, as well as higher production from subsidiary Prudeco, which operates in Colombia.
Oil production climbed 8% to 3.6 million barrels, due to increased in production in Chad.
By George Collard; [email protected]
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