Thursday, April 06, 2006
The copper division of Swiss resource group Xstrata (LSE: XTA) aims to increase output to at least 1Mt/y of the red metal in the near-term, the CEO of Xstrata Copper Charlie Sartain told BNamericas. The company currently has 400,000t/y of equity copper production, Sartain said in an interview at the 5th World Copper Conference in Santiago, Chile. Copper production currently comes from Xstrata's 50% share in the Alumbrera gold mine in Argentina and its operations in north Queensland in Australia. "One of our goals within Xstrata is to be a world leading copper company and one of the measures of that is production performance," he said.