(Download) "Xstrat - Production Report for 12 Months Ended 31 December 2009" by ENP Newswire " eBook PDF Kindle ePub Free

eBook details

Title: Xstrat - Production Report for 12 Months Ended 31 December 2009
Author : ENP Newswire
Release Date : January 01, 2010
Genre: Business & Personal Finance,Books,Economics,
Pages : * pages
Size : 68 KB

Description

ENPNewswire-1 February 2010-Xstrat - Production Report for 12 months ended 31 December 2009(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 01022010 - Highlights: Record annual production of thermal coal, mined nickel, zinc in concentrate and lead metal.Stronger second half volumes of chrome, platinum, copper, semi-soft and coking coal, with a significant increase in fourth quarter volumes across almost all commodities compared to third quarter.Xstrata Alloys progressively increased production from 20% of annual capacity at the start of 2009 to approximately 85% by year end in line with improving demand.Recommencement of Oaky No. 1 longwall in August after seven months of suspended operations.Far-reaching restructuring and operational improvements delivered, in particular in nickel and zinc, to achieve material improvements in costs and competitiveness.Record production levels at Mount Isa and McArthur River zinc operations following restructuring and expansion.Successful completion of Goedgevonden Colliery, currently being commissioned to reach full capacity of 7 million tonnes per annum of thermal coal in 2011.Low-cost Nickel Rim South mine produced more than 500,000 tonnes of ore in 2009 and will reach full capacity of 1.25 million tonnes in 2011, on time and on budget.Construction commenced on the $1 billion development of Mangoola open cut thermal coal mine in Australia to produce up to 10.5 million tonnes ROM of export and domestic quality thermal coal annually, with an expected mine life of 18 years.