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NEWS RELEASE
Baar, 13 May 2013
IMS & First Quarter 2013 Production Report
KEy HigHLigHtS
• FollowingthesuccessfulcompletionoftheGlencoreXstratamergeron2May2013,productioninformationforQ1 2013,Q1 2012
andQ4 2012hasbeenpresentedonacombinedbasis.
• Totalownsourcedcopperproductionup18%overtheprioryear.
• Africancopperownsourcedproductionup44%overthecomparableperiodto83,600tonnes,withstrongsequentialquarter
onquartergrowthatKatangaandMutanda.
• StrongrampupinownsourcedcopperproductionatAntapaccayandMountMargaret(ErnestHenry)followingcommissioning
inH2 2012.
• Stronggrowth in own sourced zinc production from theAustralian operations, up 11% to 147,700 tonnes, driven by higher
volumesfromMountIsa, includingthecommissioningofthenewLadyLorettamineandtheexpansionprojectatMcArthur
River.
• KoniambogeneratedfirstcommercialgradeferronickelduringApril2013,followingline1furnaceheatupduringFebruary2013.
• Prodecocoalproductionup19%to5.0milliontonnes,reflectingthecurrentexpansionplan.
• AlenoilfielddevelopmentprojectinBlockOEquatorialGuineaisnearingcompletionandremainsontrackforexpectedfirst
productioninQ3 2013.
• Overall,Marketingperformanceduringthequarterwasbroadlyinline withourexpectations.MetalsandMineralsdelivered
solidresultsdespitesomesofteninginpricestowardstheendofthequarter.Energy(coalandoil)sawmarkedly improvedprofit-
ability duringQ12013,whileAgricultural Productshasmadeaslowstarttotheyear,inwhatisoftenaseasonallyweakerquarter.
Forfurtherinformationpleasecontact:
Investors MediaPaulSmith CharlesWatenphult:+41(0)41 7092487 t:+41(0)41 7092462m:+41(0)79 9471348 m:+41(0)799043320e:paul.smith@glencore.com m:charles.watenphul@glencore.com
Investors Investors Finsbury (Media)MartinFewings ElisaMorniroli GuyLammingt:+41(0)417092880 t:+41(0)417092818 DorothyBurwellm:+41(0)797375642 m:+41(0)798330508 t:+44(0)20 7251 3801e:martin.fewings@glencore.com e:elisa.morniroli@glencore.com
website:www.glencorexstrataplc.com
| First Quarter 2013 | 2
Metals and MineralsProduction data
thousand¹
Usingfeedfromownsources
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party sources
Q1 2013Total
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Q1 2012Total
Ownfeedchange
TotalCoppercontained MT 321.8 215.5 537.3 273.2 194.8 468.0 18%
TotalZinccontained MT 386.9 222.8 609.7 388.2 216.4 604.6 0%
TotalLeadcontained MT 80.0 78.1 158.1 72.8 77.2 150.0 10%
TotalNickelcontained MT 25.5 25.8 51.3 24.6 24.5 49.1 4%
TotalGold(incl.Goldequivalents)2 toz 410 168 578 355 176 531 15%
TotalAlumina MT – 384 384 – 304 304 n.m.
TotalFerromanganese MT – 29.1 29.1 – – – n.m.
TotalSiliconmanganese MT – 20.5 20.5 – – – n.m.
TotalCobalt MT 4.0 0.9 4.9 3.1 1.1 4.2 29%
TotalFerrochrome MT 260 – 260 252 – 252 3%
TotalPlatinum toz 21 – 21 18 – 18 17%
TotalPalladium toz 12 – 12 10 – 10 20%
TotalRhodium toz 4 – 4 3 – 3 33%
TotalTincontained MT – – – 0.7 – 0.7 – 100%
COPPER ASSEtS
thousand¹
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Q1 2013Total
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Q1 2012Total
Ownfeedchange
African copper (Katanga, Mutanda, Mopani, Sable)
Katanga
Coppermetal3 MT 28.6 – 28.6 18.7 – 18.7 53%
Cobalt MT 0.3 – 0.3 0.6 – 0.6 – 50%
Mutanda
Coppermetal3 MT 29.8 – 29.8 16.6 – 16.6 80%
Cobalt4 MT 2.8 – 2.8 1.7 – 1.7 65%
Mopani
Coppermetal MT 25.2 23.7 48.9 22.7 25.8 48.5 11%
Cobalt MT – – – – 0.1 0.1 n.m.
Other
Coppermetal MT – 3.5 3.5 – 2.1 2.1 n.m.
Cobalt4 MT – – – – 0.2 0.2 n.m.
TotalCoppermetal3 MT 83.6 27.2 110.8 58.0 27.9 85.9 44%
TotalCobalt4 MT 3.1 – 3.1 2.3 0.3 2.6 35%
Collahuasi (Chile) 5
Coppermetal MT 3.4 – 3.4 4.3 – 4.3 – 21%
Copperinconcentrates MT 26.0 – 26.0 29.4 – 29.4 – 12%
Silverinconcentrates toz 327 – 327 404 – 404 – 19%
| First Quarter 2013 | 3
thousand¹
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Q1 2013Total
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Q1 2012Total
Ownfeedchange
Antamina (Peru) 6
Copperinconcentrates MT 26.1 – 26.1 32.0 – 32.0 – 18%
Silverinconcentrates toz 936 – 936 1 170 – 1 170 – 20%
Other South America (Alumbrera, Lomas Bayas, Altonorte, Tintaya, Antapaccay, Punitaqui)
Alumbrera (Argentina)
Copperinconcentrates MT 22.8 – 22.8 29.2 – 29.2 – 22%
Goldinconcentratesandindoré toz 66 – 66 74 – 74 – 11%
Silverinconcentratesandindoré toz 209 – 209 290 – 290 – 28%
Lomas Bayas (Chile)
Coppermetal MT 18.8 – 18.8 18.3 – 18.3 3%
Altonorte (Chile)
Copperanode7 MT – 78.2 78.2 – 71.2 71.2 n.m.
Tintaya/Antapaccay (Peru)
Coppermetal MT 3.6 – 3.6 1.7 – 1.7 112%
Copperinconcentrates MT 34.2 – 34.2 9.8 – 9.8 249%
Goldinconcentrates toz 19 – 19 4 – 4 375%
Silverinconcentrates toz 236 – 236 107 – 107 121%
Other
Copperinconcentrates MT 2.8 – 2.8 2.9 – 2.9 – 3%
Silverinconcentrates toz 30 – 30 57 – 57 – 47%
TotalCoppermetal MT 22.4 – 22.4 20.0 – 20.0 12%
TotalCopperanode7 MT – 29.5 29.5 – 38.8 38.8 n.m.
TotalCopperinconcentrates MT 59.8 – 59.8 41.9 – 41.9 43%
TotalGoldinconcentratesandindoré toz 85 – 85 78 – 78 9%
TotalSilverinconcentratesandindoré toz 475 – 475 454 – 454 5%
Australia and Asia (Ernest Henry, Mount Isa, Cobar, Pasar)
Ernest Henry
Copperinconcentrates MT 15.1 – 15.1 7.3 – 7.3 107%
Goldinconcentrates toz 13 – 13 9 – 9 44%
Silverinconcentrates toz 111 – 111 38 – 38 192%
Mount Isa
Coppermetal MT 37.3 32.8 70.1 30.6 37.6 68.2 22%
Silverinconcentrates toz 219 – 219 156 – 156 40%
Other
Coppermetal MT – 38.6 38.6 – 13.8 13.8 n.m.
Copperinconcentrates MT 11.2 – 11.2 9.5 – 9.5 18%
Silverinconcentrates toz 102 – 102 102 – 102 0%
TotalCoppermetal MT 37.3 71.4 108.7 30.6 51.4 82.0 22%
TotalCopperinconcentrates MT 26.3 – 26.3 16.8 – 16.8 57%
TotalGoldinconcentrates toz 13 – 13 9 – 9 44%
TotalSilverinconcentrates toz 432 – 432 296 – 296 46%
| First Quarter 2013 | 4
thousand¹
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Q1 2013Total
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Q1 2012Total
Ownfeedchange
North America (CCR, Horne, Kidd)
CCR/Horne
Coppermetal MT – 73.7 73.7 – 65.9 65.9 n.m.
Kidd
Copperinconcentrates MT 7.1 – 7.1 8.5 – 8.5 – 16%
Zincinconcentrates MT 20.9 – 20.9 18.3 – 18.3 14%
Silverinconcentrates toz 903 – 903 582 – 582 55%
TotalCoppermetal MT – 73.7 73.7 – 65.9 65.9 n.m.
TotalCopperinconcentrates MT 7.1 – 7.1 8.5 – 8.5 – 16%
TotalZincinconcentrates MT 20.9 – 20.9 18.3 – 18.3 14%
TotalSilverinconcentrates toz 903 – 903 582 – 582 55%
ZiNC ASSEtS
thousand¹
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Kazzinc (Kazakhstan)
Zincmetal MT 52.6 19.6 72.2 61.8 12.9 74.7 – 15%
Leadmetal MT 8.2 13.6 21.8 9.5 12.5 22.0 – 14%
Coppermetal MT 13.4 1.7 15.1 13.6 0.6 14.2 – 1%
Gold toz 131 23 154 107 18 125 22%
Silver toz 1 826 2 484 4 310 928 3 702 4 630 97%
Australia (Mount Isa, McArthur River)
Mount Isa
Zincinconcentrates MT 92.8 – 92.8 85.1 – 85.1 9%
Leadinconcentrates MT 35.5 – 35.5 28.5 5.4 33.9 25%
Silverinleadbullion toz 1 451 – 1 451 1 343 723 2 066 8%
McArthur River
Zincinconcentrates MT 54.9 – 54.9 47.9 – 47.9 15%
Leadinconcentrates MT 11.9 – 11.9 10.2 – 10.2 17%
Silverinconcentrates toz 462 – 462 421 – 421 10%
TotalZincinconcentrates MT 147.7 – 147.7 133.0 – 133.0 11%
TotalLeadinconcentrates MT 47.4 – 47.4 38.7 5.4 44.1 22%
TotalSilverinleadbullion toz 1 451 – 1 451 1 343 723 2 066 8%
TotalSilverinconcentrates toz 462 – 462 421 – 421 10%
Europe (Portovesme, San Juan de Nieva, Nordenham, Northfleet)
TotalZincmetal8 MT 14.5 183.9 198.4 14.4 183.8 198.2 1%
TotalLeadmetal MT 0.9 46.5 47.4 – 42.2 42.2 n.m.
TotalSilver toz 113 1 923 2 036 – 1 970 1 970 n.m.
| First Quarter 2013 | 5
thousand¹
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Q1 2012Total
Ownfeedchange
North America (Brunswick, CEZ Refinery, Perseverance)
Brunswick mine
Zincinconcentrates MT 42.8 – 42.8 56.0 – 56.0 – 24%
Leadinconcentrates MT 11.1 – 11.1 13.5 – 13.5 – 18%
Copperinconcentrates MT 2.7 – 2.7 1.7 – 1.7 59%
Silverinconcentrates toz 657 – 657 732 – 732 – 10%
Brunswick smelting
Leadmetal MT – 18.0 18.0 – 17.1 17.1 n.m.
Silver toz – 3 471 3 471 – 1 768 1 768 n.m.
CEZ refinery 9
Zincmetal MT – 18.8 18.8 – 18.3 18.3 n.m.
Perseverance mine
Zincinconcentrates MT 21.4 – 21.4 31.0 – 31.0 – 31%
Copperinconcentrates MT 2.2 – 2.2 2.1 – 2.1 5%
TotalZincmetal MT – 18.8 18.8 – 18.3 18.3 n.m.
TotalZincinconcentrates MT 64.2 – 64.2 87.0 – 87.0 – 26%
TotalLeadmetal MT – 18.0 18.0 – 17.1 17.1 n.m.
TotalLeadinconcentrates MT 11.1 – 11.1 13.5 – 13.5 – 18%
TotalCopperinconcentrates MT 4.9 – 4.9 3.8 – 3.8 29%
TotalSilver toz 657 3 471 4 128 732 1 768 2 500 – 10%
Antamina (Peru) 6
Zincinconcentrates MT 22.7 – 22.7 20.0 – 20.0 14%
Other Zinc (Los Quenuales, Sinchi Wayra, AR Zinc, Rosh Pinah)
Zincmetal MT 6.5 0.5 7.0 4.2 1.4 5.6 55%
Zincinconcentrates MT 57.8 – 57.8 49.5 – 49.5 17%
Leadmetal MT 2.1 – 2.1 2.5 – 2.5 – 16%
Leadinconcentrates MT 10.3 – 10.3 8.6 – 8.6 20%
Copperinconcentrates MT 0.5 – 0.5 0.5 – 0.5 0%
Silvermetal toz 147 – 147 164 – 164 – 10%
Silverinconcentrates toz 2 069 – 2 069 1 848 – 1 848 12%
Tininconcentrates MT – – – 0.7 – 0.7 – 100%
| First Quarter 2013 | 6
NiCKEL ASSEtS
thousand¹
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party sources
Q1 2013Total
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Q1 2012Total
Ownfeedchange
Integrated Nickel Operations (Sudbury, Raglan, Nikkelverk)
Sudbury – Mine/mill
Nickelinconcentrates MT 3.3 2.6 5.9 4.7 1.5 6.2 – 30%
Copperinconcentrates MT 8.6 2.6 11.2 12.0 0.8 12.8 – 28%
Cobaltinconcentrates MT – 0.1 0.1 0.1 0.1 0.2 – 100%
Raglan
Nickelinconcentrates MT 8.4 – 8.4 6.4 – 6.4 31%
Copperinconcentrates MT 2.3 – 2.3 1.6 – 1.6 44%
Cobaltinconcentrates MT 0.2 – 0.2 0.1 – 0.1 100%
Nikkelverk
Nickelmetal MT – 22.3 22.3 – 22.8 22.8 n.m.
Coppermetal MT – 9.4 9.4 – 9.4 9.4 n.m.
Cobaltmetal MT – 0.8 0.8 – 0.7 0.7 n.m.
TotalNickelmetal MT – 22.3 22.3 – 22.8 22.8 n.m.
TotalNickelinconcentrates MT 11.7 2.6 14.3 11.1 1.5 12.6 5%
TotalCoppermetal MT – 9.4 9.4 – 9.4 9.4 n.m.
TotalCopperinconcentrates MT 10.9 2.6 13.5 13.6 0.8 14.4 – 20%
TotalCobaltmetal MT – 0.8 0.8 – 0.7 0.7 n.m.
TotalCobaltinconcentrates MT 0.2 0.1 0.3 0.2 0.1 0.3 0%
Falcondo
Nickelinferronickel MT 3.7 – 3.7 3.6 – 3.6 3%
Australia (XNA, Murrin Murrin)
TotalNickelmetal MT 8.7 0.9 9.6 6.3 0.2 6.5 38%
TotalNickelinconcentrates MT 1.4 – 1.4 3.6 – 3.6 – 61%
TotalCopperinconcentrates MT 0.1 – 0.1 0.2 – 0.2 – 50%
TotalCobaltmetal MT 0.6 – 0.6 0.5 – 0.5 20%
TotalCobaltinconcentrates MT 0.1 – 0.1 0.1 – 0.1 0%
ALuMiNA/ALuMiNiuM ASSEtS
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Ownfeedchange
Sherwin Alumina
Alumina MT – 384 384 – 304 304 n.m.
| First Quarter 2013 | 7
FERROALLOyS ASSEtS
thousand¹
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Q1 2013Total
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Q1 2012Total
Ownfeedchange
Ferromanganese MT – 29.1 29.1 – – – n.m.
Siliconmanganese MT – 20.5 20.5 – – – n.m.
Ferrochrome10 MT 260 – 260 252 – 252 3%
Platinum11 toz 21 – 21 18 – 18 17%
Palladium11 toz 12 – 12 10 – 10 20%
Rhodium11 toz 4 – 4 3 – 3 33%
1ControlledindustrialassetsandJVsonly.Productionisona100%basis,exceptasstated. 2Gold/Silverconversionratiosof1/54.20forQ1 2013and1/51.77forQ1 2012basedonaveragequarterlyprices. 3Coppermetalincludescoppercontainedincopperconcentratesandblistercopper. 4Cobaltcontainedinconcentratesandhydroxides. 5TheGroup’spro-ratashareofCollahuasiproduction(44%). 6TheGroup’spro-ratashareofAntaminaproduction(33.75%). 7 48,700 tonnes(Q1 2012:32,400 tonnes)ofcopperanodeproducedatAltonorteisrefinedtoproducecoppercathodeateitherMountIsaorCCRandhenceisexcludedfromthetotals.
8Zincmetalincludeszinccontainedinzincoxide. 9TheGroup’spro-ratashareofCEZproduction(25%).10ReflectstheGroup’s79.5%shareoftheXstrata-MerafeChromeVenture.11Consolidated100%ofElandand50%ofMototolo.
Selected average commodity prices
Q1 2013 Q1 2012 Change
S&PGSCIIndustrialMetalsIndex 384 406 – 5%
LME(cash)zincprice($/t) 2 030 2 028 0%
LME(cash)copperprice($/t) 7 927 8 327 – 5%
LME(cash)leadprice($/t) 2 293 2 092 10%
Goldprice($/toz) 1 632 1 691 – 3%
MetalBulletinaluminaprice($/t) 341 317 8%
LME(cash)aluminiumprice($/t) 2 002 2 181 – 8%
LME(cash)nickelprice($/t) 17 311 19 639 – 12%
MetalBulletincobaltprice99.3%($/lb) 12 15 – 20%
Ironore(Platts62%CFRNorthChina)price($/DMT) 148 143 3%
MetalBulletinferrochrome6–8%Cbasis60%Cr,max1.5%Si(¢/lb) 103 115 – 10%
Platinumprice($/toz) 1 632 1 612 1%
OPERAtiONAL HigHLigHtS
COPPER ASSETS
• Totalownsourcedcopperproduction(includingcopperproducedbythenickelandzincassets)inQ12013was321,800tonnes,
an18%increaseversusthecomparableperiod.ThisincreaseprimarilyreflectsstronggrowthfromAntapaccay,Katanga,Mount
Margaret(ErnestHenry)andMutanda,astheybenefitfromtheirrespectiveexpansionplans.
African Copper (Group interest: Katanga: 75.3%, Mutanda: 60%, Kansuki: 37.5%, Mopani: 73.1% and Sable: 100%)
• Africancopperproduced83,600tonnesofcopperinmetalandinconcentratefromownsourcesduringQ12013,a44%increase
comparedtoQ12012.TheexpansionprojectsatMutandaandKatangawerethemaindriversofthisgrowth.Cobaltproduction
fromownsourceswas3,100tonnes,anincreaseof35%.
| First Quarter 2013 | 8
• ThetwomajorexpansionprojectscurrentlyunderwayatKatangaandMutandaareexpectedtoincreasetheirannualcopper
cathodeproductionto270,000tonnesand200,000tonnesrespectively.Bothprojectsareontrackforcompletionduring2013.
TheKatangaprojectalsoupgradesthequalityofcopperproducedthroughtheapplicationofmoderntechnologies.
• Thefeasibilitystudyfortheconstructionofa100,000tonnes(ofcoppercontained)sulphideconcentratoratMutandawascom-
pletedinQ12013andnextstepsarecurrentlybeingevaluated.
• Aspreviouslyannounced,itisanticipatedthatthemergerofMutandaandKansukiwillbecompletedduringH12013.
• Mopani’sSynclinoriumshaftprojecttoincreasemineproductionandsignificantlyextendmineliferemainsontrackandisex-
pectedtocomeonlineduring2015.
Collahuasi (Group interest: 44%)
• TheGroup’sattributableshareofownsourcedcopperproductionat theCollahuasi jointventuredecreasedby13%to29,400
tonnesmainlyduetoanexpectedreductioningradesandaplannedshutdownofSAGmill3inMarch2013,partiallyoffsetby
improvedrecoveries.HighergradesandincreasedmillthroughputfollowingtheplannedSAGmillrestartareexpectedfromQ2
2013.
Antamina (Group interest: 33.75%)
• TheGroup’sattributableshareofownsourcedcopperproductionattheAntaminajointventurefellby18%to26,100tonnes,due
toexpectedlowercopperheadgradesandrecoveries.Thiswaspartlyoffsetbyhigherthroughputasaresultoftheexpansion
thatwascompletedinMarch2012.
Other South America (Group interest: Alumbrera: 50%, Lomas Bayas: 100%, Altonorte: 100%, Tintaya: 100%, Antapaccay:
100%, Punitaqui: 100%)
• OtherSouthAmericancopperassetsproduced82,200tonnesofownsourcedcoppercontainedinmetalandconcentrate,a
36%increasecomparedtoQ12012.ThisincreaserelatestoAntapaccay,whichbegancommercialproductioninNovember2012
andproduced34,200tonnesofcopperinconcentratesinQ12013.Theconcentratorplantachievedaveragethroughputrates
ofabove60,000tonnesperdayoverthequarterandisexpectedtorampuptonameplatecapacityof70,000tonnesperdayby
mid-2013.ThiswaspartiallyoffsetbyplannedlowerproductionatAlumbreraduetolowermininggradesandtheprocessingof
higherlevelsoflowergradestockpiles.
• TotalthirdpartycoppercathodeproductionatAltonorteincreasedby10%comparedtoQ12012,followingreliabilityimprove-
mentinitiatives.
• Goldandsilver(indoréandinconcentrates)ownsourcedproductionwasup9%and5%respectivelycomparedtoQ12012,due
totherampupatAntapaccay,inpartoffsetbylowergoldvolumesfromAlumbrera.
Australia and Asia (Group interest: Ernest Henry: 100%, Mount Isa: 100%, Cobar: 100%, Pasar: 78.2%)
• TheGroup’sAustraliancopperassetsproduced63,600tonnesofownsourcedcoppercontainedinmetalandconcentrateinQ1
2013,a34%increaseversusthecomparableperiod.ErnestHenryincreasedownsourcedcopperproductionby107%to15,100
tonnes.ThiswasaresultofprocessingorefromthenewsatelliteMountMargaretopenpitminethatcommencedoperations
inQ32012,togetherwithincreasedproductionfromErnestHenry’sundergrounddeclinemine.MountIsaownsourcedcopper
productiongrewby22%to37,300tonnesasaresultofincreasedminingratesandhigherrecoveries,followingchangestostope
scheduling,improvementsinmillrecoveriesandtheimplementationofaflotationrecoveryimprovementproject.
• Bytheendof2013,itisexpectedthatErnestHenrywillcommencecommissioningofthehoistingshaftinfrastructuretoexpand
theundergroundminefromcurrentratesof3milliontonnesperyearto6milliontonnes.
• ThirdpartycoppermetalproductioninQ12013was71,400tonnes,anincreaseof39%overthecomparableperiod.Thisincrease
relatesmainlytoPasar,whichceasedproductioninJanuary2012duetoafire,beforerestartingagaininJuly2012.
• ThenewshaftatCobarisontracktobecompletedin2015.
North America (Group interest: CCR: 100%, Horne: 100%, Kidd: 100%)
• TheGroup’sNorthAmericancopperassetsproduced7,100tonnesofownsourcedcopper,a16%reductioncomparedto
Q12012.Thisdeclinewasprimarilyduetolowergrades.
• CathodeproductionfromtheCCRrefinerywas12%higherthaninQ12012at73,700tonnes,duetothroughputimprovement
initiativeswhichenabledadditionalanodestobeprocessed.
| First Quarter 2013 | 9
ZINC ASSETS
• Totalownsourcedzincproduction(includingzincproducedbythecopperassets)was386,900tonnesinQ12013,broadlyin
linewithQ12012.Thisreflectsan11%growthinownsourcedzincproductionfromAustraliaandthebenefitoftheRoshPinah
acquisition,offsetbytheorderlywind-downofBrunswickandPerseverance.
Kazzinc (Group interest: 69.7%)
• Q12013goldproductionfromownsourceswas131,000toz,anincreaseof22%versusthecomparableperiod,drivenbyhigher
processingvolumes,gradesandrecoveriesatVasilkovskoye.
• Totalsilverproductionwas4.3milliontoz,areductionof7%overthecomparableperiod,reflectingaslightdeclineinthevolume
ofsilver-richthirdpartyconcentratesprocessed.
• Copperproductionfromownsourceswas13,400tonnes,broadlyinlinewiththeprioryearperiod.
• Zincandleadproductionfromownsourcesweredown15%and14%againstthecomparableperiodto52,600tonnesand8,200
tonnesrespectively.Thedeclinewasinlinewithexpectationsandreflectsasmalldeclineingradesatthebeginningoftheyear.
Australia (Group interest: Mount Isa: 100%, McArthur River: 100%)
• TheGroup’sAustralianzincassetsproduced147,700tonnesofzincinconcentratesand47,400tonnesofleadinconcentrates,
anincreaseof11%and22%respectivelycomparedtoQ12012.Themaindriversofthisimprovedproductionwerethecom-
missioningoftheGeorgeFisherNorth(MountIsa)expansionproject,commissioningoftheLadyLorettamine(MountIsa)and
implementationoftheheavymediumseparationplantattheMcArthurRiverMine,aspartofitscurrentexpansionprojectto
reach380,000tonnesofzincinconcentratesbytheendof2014.
• Theincreasesinzincandleadconcentratesalsoresultedinincreasesinownsourcedsilverinleadbullionandinconcentratesof
8%and10%respectively.
Europe (Group interest: Portovesme: 100%, San Juan de Nieva: 100%, Nordenham: 100%, Northfleet: 100%)
• TheGroup’sEuropeanzincassetsproduced198,400tonnesoftotalzincinmetalandinoxide,asimilarleveltoQ12012,includ-
ing14,500tonnesofownsourcedproduction.
• Totalleadproductionwas47,400tonnes,anincreaseof12%comparedtoQ12012,reflectingPortovesme’srestartofitslead
plant.Totalsilverproductionalsoimprovedslightly,increasing3%to2.0milliontoz.
North America (Group interest: Brunswick: 100%, CEZ Refinery: 25%, Peserverance: 100%)
• NorthAmericanzincassetsproduced64,200tonnesofownsourcedzincinconcentratesand11,100tonnesofleadinconcen-
trates,areductionof26%and18%respectivelyversusthecomparableperiod.Thisreductionrelatestotheorderlywind-down
atBrunswickmineandPerserverancemine(bothexpectedQ22013)astheyreachtheendoftheirminelives.
Antamina (Group interest: 33.75%)
• Antaminaproduced22,700tonnesofownsourcedzincinconcentrates,a14%increasecomparedtoQ12012,duetothemine
sequencingwhichhasresultedinthetreatmentofhigherzincgradeoreinQ12013.
Other Zinc (Group interest: Los Quenuales: 97.6%, Sinchi Wayra: 100%, AR Zinc: 100%, Rosh Pinah: 80.1%)
• TheacquisitionofRoshPinah(effective1June2012)contributedtothegrowthinownsourcedproductionofzinc,leadandsil-
ver(allinconcentrates)of17%,20%and12%respectivelyversusthecomparableperiod.TheinclusionofRoshPinahwaspartly
offsetbyasmalldeclineinproductionattheotherassets,duetoacombinationoffactors,includingasmallexpecteddecline
inheadgrades.
• LosQuenuales’developmentoftheneworeareaatIscaycruz(SantaEste)remainsontrackwiththemineexpectedtobecome
operationalinQ42013andreachanannualproductionof20,000tonnesofzinccontainedinconcentratesin2014.
NICKEL ASSETS
• InQ12013,ownsourcednickelproductionwas25,500tonnes,a4%increaseversusthecomparableperiod.Thisincreasewas
primarilydrivenbyhigherproductionatMurrinMurrin,reflectingconsistentplantavailabilityandtheimpactoftheplannedacid
plantshutdownduringQ12012.
| First Quarter 2013 | 10
Integrated Nickel Operations (Group interest: Sudbury: 100%, Raglan: 100%, Nikkelverk: 100%)
• IntegratedNickelOperations(INO)produced11,700tonnesofownsourcednickel,up5%comparedQ12012.Thisincreasewas
drivenbytheRaglanmine,up31%to8,400tonnes,largelyduetoanincreaseinnickelheadgradefrom2.29%inQ12012to
2.99%inQ12013,partiallyoffsetbya30%reductionofownsourcednickelproductionatSudbury,duetoscheduledmainte-
nanceattheStrathconamill.
• TheNikkelverkrefineryinNorwayproduced22,300tonnesofnickel,9,400tonnesofcopperand800tonnesofcobaltinQ12013,
allbroadlyinlinewiththecomparableperiod.
Falcondo (Group interest: 85.3%)
• OwnsourcedferronickelproductionatFalcondowas3,700tonnes,a3%increaseoverQ12012,duetogreatervolumesofore
minedandimprovednickelheadgrades.
Australia (Group interest: XNA: 100%, Murrin Murrin: 100%)
• Australiannickelassetsproduced10,100tonnesofnickelinQ12013,asimilaramounttothecomparableperiod.TheQ12013
productionreflectsa38%increaseatMurrinMurrin,drivenbyconsistentplantavailabilityandtheimpactoftheplannedacid
plantshutdownduringQ12012.Thiswasoffsetbya61%reductionattheotherAustraliannickeloperations,reflectingtheCos-
mosminebeingplacedoncareandmaintenanceinQ32012.TheSinclairmineisreachingtheendofitsminelifewithproduction
expectedtoceaseon15May2013.
Development project: Koniambo
• Followingtheline1furnaceheat-upduringFebruary2013andthesuccessfultestingofallcomponentsoftheminingandsmelt-
ingprocess,Koniambogeneratedfirstcommercial-gradeferronickelduringApril2013.
ALUMINA/ALUMINIUM ASSETS
Sherwin Alumina (Group interest: 100%)
• Q12013productionwas383,600tonnesofAlumina,anincreaseof26%againstthecomparableperiod,largelyreflectingthe
plannedcalcineroverhaulduringQ12012.
FERROALLOYS ASSETS
Glencore Manganese (Group interest: 100%)
• GlencoreManganeseproduced49,600tonnesofmanganeseferroalloysduringQ12013.2013willbethefirstfullyearofproduc-
tionunderGroupownershipfollowingitsacquisitionon1November2012.
Ferrochrome
• AttributableferrochromeproductionvolumesduringQ12013were3%higherthanthesameperiodin2012,duetoimproved
performancesbymostoftheoperatingfurnaces.OperatingcapacitywasreducedduetocontinuedparticipationinEskom’s
(thenationalpowersupplier)electricitybuy-backprogramme.DuringQ12013,thesuccessfulcommissioningandramp-upto
fullproductionoftheTswelopelepelletizingplantcontributedtoproductionvolumesandconsumptionefficienciesexceeding
expectationsattheRustenburgplant.
Platinum Group Metals (PGM)
• PGMvolumeswerehigherthanthecorrespondingquarterin2012,duetovolumebuild-upattheElandmine,aswellasthe
Mototolomineachievingdesigncapacityproduction.
| First Quarter 2013 | 11
ENERgy PRODuCtS
Production data
COAL ASSEtS
millionMT1 OwnBuy-inCoal
Q1 2013Total Own
Buy-inCoal
Q1 2012Total
Ownproduc-tionchange
Australiancokingcoal 1.8 – 1.8 1.4 – 1.4 29%
Australianthermalcoal(Export) 11.0 – 11.0 9.6 – 9.6 15%
Australianthermalcoal(Domestic) 1.6 – 1.6 1.3 – 1.3 23%
Australiansemi–softcoal 1.1 – 1.1 0.9 – 0.9 22%
SouthAfricanthermalcoal(Export) 4.9 – 4.9 5.5 – 5.5 – 11%
SouthAfricanthermalcoal(Domestic) 5.8 0.3 6.1 6.5 0.6 7.1 – 11%
Prodeco(Colombia)thermalcoal 5.0 – 5.0 4.2 0.1 4.3 19%
Cerrejon(Colombia)thermalcoal2 1.5 – 1.5 3.0 – 3.0 – 50%Total coal 32.7 0.3 33.0 32.4 0.7 33.1 1%
1ControlledindustrialassetsandJVsonly.Productionisona100%basisexceptforJVs,wheretheGroup’sattributableshareofproductionisincluded.
2TheGroup’spro-ratashareofCerrejónproduction(33.3%).
OiL ASSEtS
thousandbblsQ1 2013
TotalQ1 2012
Total Change
Oil 1
BlockI 5 386 5 281 2%
Total 5 386 5 281 2%
1Ona100%basis.TheEnlargedGroup’sownershipinterestintheAsengfieldis23.75%.
Selected average commodity prices 1
Q1 2013 Q1 2012 Change
S&PGSCIEnergyIndex 335 353 – 5%
CoalAPI2($/t) 86 101 – 15%
CoalAPI4($/t) 85 105 – 19%
Australiancokingcoalaveragerealisedexportprice($/t) 158 225 – 30%
Australianthermalcoalaveragerealisedexportprice($/t) 88 114 – 23%
Australianthermalcoalaveragerealiseddomesticprice($/t) 37 48 – 23%
Australiansemi-softcoalaveragerealisedexportprice($/t) 118 180 – 34%
SouthAfricanthermalcoalaveragerealisedexportprice($/t) 84 106 – 21%
SouthAfricanthermalcoalaveragerealiseddomesticprice($/t) 28 29 – 3%
Cerrejon(Colombia)thermalcoalaveragerealisedexportprice($/t) 77 95 – 19%
Prodeco(Colombia)thermalcoalaveragerealisedexportprice($/t) 94 98 – 4%
Oilprice–Brent($/bbl) 113 118 – 4%
1Asof31March2013,41milliontonnesofexportcoalhadbeensoldforwardatanaveragepriceof$92pertonne.
| First Quarter 2013 | 12
OPERAtiONAL HigHLigHtS
COAL ASSETS
• Totalownsourcedcoalproductionwas32.7milliontonnesinQ12013,broadlyconsistentwiththecomparableperiod.
Australia coking coal
• Australiancokingcoalproductionwasupby29%,or0.4milliontonnes,mainlyduetoanimprovedperformanceatOakyCreek,
followingproductionissuesinthecomparativeperiodin2012.
Australia thermal and semi soft coal
• Australianthermalcoalproduction,includingsemi-softmetallurgicalvolumes,increasedby16%to13.7milliontonnes,primarily
duetothecontinuedramp-upofRavensworthNorth,UlanopencutandBlakefieldSouthinNewSouthWales,andfewerad-
verseweatherimpactsatNewlandsopencutmineinQueensland.Theincreasewaspartiallyoffsetbythetimingofscheduled
longwallmovesattheUlanundergroundmine.
South Africa thermal coal
• Thermalcoalproductionfromownsourceswas10.7milliontonnes,an11%reductionversusthecomparableperiod.Thisde-
creasemainlyrelatesto lowerproductionattheTweefonteinundergroundcomplexduetodifficultminingconditionsanda
shorttermdeclineatUmcebo,asexistingproductionunitsapproachtheendofminelife(KleinfonteinandMiddelkraal),prior
tothenewmines(includingSpringboklaagte)startingproductiontowardstheendof2013.
• SouthAfricancoalexpansionanddevelopmentprojectsareprogressingwell.DefinitivefeasibilitystudiesrelatingtoSpring-
boklaagteandArgentprojectswillbecompletedinMay2013.ThePullenshopeprojectissubstantiallycomplete,withfirstcoal
extractedandproductionrampingup.LicensingfortheKoornfonteinprojectisexpectedshortlywithconstructionexpectedto
startthereafter.
Cerrejón (Group interest: 33.3%)
• TheGroup’s33.3%shareofproductionfromtheCerrejónjointventurewas1.5milliontonnes,areductionof50%comparedto
Q12012.Thisdecreaseprimarilywasduetotheimpactofstrikeaction(32daysendingon11March2013)duringthefirstquarter
of2013.
Prodeco (Group interest: 100%)
• OwnproductionforQ12013was5milliontonnes,up19%onthecomparableperiod,reflectingthebenefitsofProdeco’songo-
ingexpansionproject.Theexpansionprojectisprogressingtoplanandremainsontracktodeliverannualisedproductionof20
milliontonnesby2014.
• Prodecorecentlycommissionedanewdirectloadingport(PuertoNuevo),whichprovideshigherannualthroughputcapacity
andalowercostofoperationcomparedtothepreviousport(PuertoProdeco).Theprojectwascompletedonscheduleand
budget.
OIL ASSETS
Oil Exploration & Production (Group interest: Block I: 23.75%/Block O: 25.0%)
• TheAsengfieldhascontinuedtoperformwellthroughthefirstquarterof2013,averagingapproximately60,000barrelsperday
forthequarter(gross).
• TheAlenfielddevelopmentprojectinBlockOinEquatorialGuineaisnownearingcompletion.Fabricationiscompleteandall
moduleshavebeentransportedtoEquatorialGuineaandsuccessfullyinstalledsuchthathook-upactivitiesarenowunderway.
TheprojectremainsontrackforexpectedfirstproductioninQ32013.Expectationsremainthatthetotalcostwillbeatorbelow
thesanctionedbudget.
• TheOakappraisalprogrammeintheBolongoBlock,offshoreCameroon,isstillontrackforH22013.
| First Quarter 2013 | 13
AgRiCuLtuRAL PRODuCtS
Production data
thousandMT1Q1 2013
TotalQ1 2012
Total Change
Farming 352 248 42%
Oilseedcrushing 605 439 38%
Oilseedcrushinglongtermtollagreement 32 114 – 72%
Biodiesel 143 157 – 9%
Ricemilling 35 80 – 56%
Wheatmilling 282 265 6%
Sugarcaneprocessing – – n.m.
Malt 117 – n.m.
Pasta 72 – n.m.
Total 1 638 1 303 26%
Selected average commodity prices
Q1 2013 Q1 2012 Change
S&PGSCIAgricultureIndex 450 436 3%
CBOTcornno.2price(US¢/bu) 716 641 12%
ICEcottonprice(US¢/lb) 83 93 – 11%
CBOTsoyabeans(US¢/bu) 1 450 1 272 14%
NYMEXsugar#11price(US¢/lb) 18 25 – 28%
CBOTwheatprice(US¢/bu) 739 643 15%
OPERAtiONAL HigHLigHtS
Rio Vermelho (Group interest: 100%)
• RioVermelhocrushednosugarcaneinQ12013orQ12012,thisbeingtheinter-cropperiodforsugarcaneinBrazil.Crushing
restartedduringApril2013.
• Theon-goingexpansionplanatRioVermelhocontinuestoprogressonschedule.
Other Agricultural Products
Farming
• Farmingvolumeswereup42%overthecomparableperiodduetoextralandfarmedandsomeswitchingofcroptypes.
Oilseed crushing
• Oilseedcrushingvolumesincreasedby38%overthecomparableperiodduetoextravolumesfromthefacilitiesacquiredin
CzechRepublic,PolandandUkraine,thenewlyconstructedplantinHungaryandtheStAgathe(Canada)facilityacquiredaspart
ofViterra.
Long term toll agreement
• Thelongtermtollagreementcrushvolumeshavereducedsignificantlyduetolimitedsupply,withmanyfarmersunwillingtosell
basedonfearsofacurrencydevaluationinArgentina.
| First Quarter 2013 | 14
Rice milling
• Ricemillingvolumesweredown56%duetopoorweatherconditionstowardstheendof2012,resultinginlowerriceavailablein
UruguayandArgentinaforprocessinginQ12013.
Malt and Pasta
• MaltandPastavolumesrelatetoViterraassetsacquiredattheendof2012.
| First Quarter 2013 | 15
Appendix 1: glencore Xstrata combined production information (Q1 2013 vs Q4 2012)MEtALS AND MiNERALS – tOtAL
Production data
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
TotalCoppercontained MT 321.8 215.5 537.3 330.5 217.2 547.7 – 3%
TotalZinccontained MT 386.9 222.8 609.7 415.6 224.6 640.2 – 7%
TotalLeadcontained MT 80.0 78.1 158.1 81.8 69.1 150.9 – 2%
TotalNickelcontained MT 25.5 25.8 51.3 30.2 26.2 56.4 – 16%
TotalGold(incl.Goldequivalents)2 toz 410 168 578 403 191 594 2%
TotalAlumina MT – 384 384 – 381 381 n.m.
TotalFerromanganese MT – 29.1 29.1 – 17.3 17.3 n.m.
TotalSiliconmanganese MT – 20.5 20.5 – 15.9 15.9 n.m.
TotalCobalt MT 4.0 0.9 4.9 4.2 1.0 5.2 – 5%
TotalFerrochrome MT 260 – 260 284 – 284 – 8%
TotalPlatinum toz 21 – 21 21 – 21 0%
TotalPalladium toz 12 – 12 12 – 12 0%
TotalRhodium toz 4 – 4 4 – 4 0%
COPPER ASSEtS
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
African copper (Katanga, Mutanda, Mopani, Sable)
Katanga
Coppermetal3 MT 28.6 – 28.6 24.1 – 24.1 19%
Cobalt MT 0.3 – 0.3 0.5 – 0.5 – 40%
Mutanda
Coppermetal3 MT 29.8 – 29.8 26.4 – 26.4 13%
Cobalt4 MT 2.8 – 2.8 2.7 – 2.7 4%
Mopani
Coppermetal MT 25.2 23.7 48.9 26.8 23.5 50.3 – 6%
Other
Coppermetal MT – 3.5 3.5 – 3.2 3.2 n.m.
Cobalt4 MT – – – – 0.1 0.1 n.m.
TotalCoppermetal3 MT 83.6 27.2 110.8 77.3 26.7 104.0 8%
TotalCobalt4 MT 3.1 – 3.1 3.2 0.1 3.3 – 3%
| First Quarter 2013 | 16
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
Collahuasi (Chile) 5
Coppermetal MT 3.4 – 3.4 4.1 – 4.1 – 17%
Copperinconcentrates MT 26.0 – 26.0 28.3 – 28.3 – 8%
Silverinconcentrates toz 327 – 327 311 – 311 5%
Antamina (Peru) 6
Copperinconcentrates MT 26.1 – 26.1 41.1 – 41.1 – 36%
Silverinconcentrates toz 936 – 936 1 038 – 1 038 – 10%
Other South America (Alumbrera, Lomas Bayas, Altonorte, Tintaya, Antapaccay, Punitaqui)
Alumbrera (Argentina)
Copperinconcentrates MT 22.8 – 22.8 30.7 – 30.7 – 26%
Goldinconcentratesandindoré toz 66 – 66 85 – 85 – 22%
Silverinconcentratesandindoré toz 209 – 209 435 – 435 – 52%
Lomas Bayas (Chile)
Coppermetal MT 18.8 – 18.8 19.1 – 19.1 – 2%
Altonorte (Chile)
Copperanode7 MT – 78.2 78.2 – 81.8 81.8 n.m.
Tintaya/Antapaccay (Peru)
Coppermetal MT 3.6 – 3.6 3.1 – 3.1 16%
Copperinconcentrates MT 34.2 – 34.2 17.5 – 17.5 95%
Goldinconcentrates toz 19 – 19 6 – 6 217%
Silverinconcentrates toz 236 – 236 202 – 202 17%
Other
Copperinconcentrates MT 2.8 – 2.8 2.8 – 2.8 0%
Silverinconcentrates toz 30 – 30 32 – 32 – 6%
TotalCoppermetal MT 22.4 – 22.4 22.2 – 22.2 1%
TotalCopperanode7 MT – 29.5 29.5 – 42.3 42.3 n.m.
TotalCopperinconcentrates MT 59.8 – 59.8 51.0 – 51.0 17%
TotalGoldinconcentratesandindoré toz 85 – 85 91 – 91 – 7%
TotalSilverinconcentratesandindoré toz 475 – 475 669 – 669 – 29%
Australia and Asia (Ernest Henry, Mount Isa, Cobar, Pasar)
Ernest Henry
Copperinconcentrates MT 15.1 – 15.1 10.3 – 10.3 47%
Goldinconcentrates toz 13 – 13 11 – 11 18%
Silverinconcentrates toz 111 – 111 64 – 64 73%
Mount Isa
Coppermetal MT 37.3 32.8 70.1 36.0 17.1 53.1 4%
Copperinconcentrates MT – – – 6.3 – 6.3 – 100%
Silverinconcentrates toz 219 – 219 223 – 223 – 2%
Other
Coppermetal MT – 38.6 38.6 – 45.4 45.4 n.m.
Copperinconcentrates MT 11.2 – 11.2 7.8 – 7.8 44%
Silverinconcentrates toz 102 – 102 76 – 76 34%
TotalCoppermetal MT 37.3 71.4 108.7 36.0 62.5 98.5 4%
TotalCopperinconcentrates MT 26.3 – 26.3 24.4 – 24.4 8%
TotalGoldinconcentrates toz 13 – 13 11 – 11 18%
TotalSilverinconcentrates toz 432 – 432 363 – 363 19%
| First Quarter 2013 | 17
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
North America (CCR, Horne, Kidd)
CCR/Horne
Coppermetal MT – 73.7 73.7 – 72.9 72.9 n.m.
Kidd
Copperinconcentrates MT 7.1 – 7.1 8.1 – 8.1 – 12%
Zincinconcentrates MT 20.9 – 20.9 29.6 – 29.6 – 29%
Silverinconcentrates toz 903 – 903 995 – 995 – 9%
TotalCoppermetal MT – 73.7 73.7 – 72.9 72.9 n.m.
TotalCopperinconcentrates MT 7.1 – 7.1 8.1 – 8.1 – 12%
TotalZincinconcentrates MT 20.9 – 20.9 29.6 – 29.6 – 29%
TotalSilverinconcentrates toz 903 – 903 995 – 995 – 9%
ZiNC ASSEtS
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
Kazzinc (Kazakhstan)
Zincmetal MT 52.6 19.6 72.2 61.4 15.4 76.8 – 14%
Leadmetal MT 8.2 13.6 21.8 8.3 11.8 20.1 – 1%
Coppermetal MT 13.4 1.7 15.1 11.0 0.5 11.5 22%
Gold toz 131 23 154 123 21 144 7%
Silver toz 1 826 2 484 4 310 1 306 3 587 4 893 40%
Australia (Mount Isa, McArthur River)
Mount Isa
Zincinconcentrates MT 92.8 – 92.8 105.0 – 105.0 – 12%
Leadinconcentrates MT 35.5 – 35.5 39.0 – 39.0 – 9%
Silverinleadbullion toz 1 451 – 1 451 1 547 – 1 547 – 6%
McArthur River
Zincinconcentrates MT 54.9 – 54.9 54.5 – 54.5 1%
Leadinconcentrates MT 11.9 – 11.9 9.8 – 9.8 21%
Silverinconcentrates toz 462 – 462 513 – 513 – 10%
TotalZincinconcentrates MT 147.7 – 147.7 159.5 – 159.5 – 7%
TotalLeadinconcentrates MT 47.4 – 47.4 48.8 – 48.8 – 3%
TotalSilverinleadbullion toz 1 451 – 1 451 1 547 – 1 547 – 6%
TotalSilverinconcentrates toz 462 – 462 513 – 513 – 10%
Europe (Portovesme, San Juan de Nieva, Nordenham, Northfleet)
TotalZincmetal8 MT 14.5 183.9 198.4 14.2 188.3 202.5 2%
TotalLeadmetal MT 0.9 46.5 47.4 – 40.5 40.5 n.m.
TotalSilver toz 113 1 923 2 036 – 1 967 1 967 n.m.
| First Quarter 2013 | 18
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
North America (Brunswick, CEZ Refinery, Perseverance)
Brunswick mine
Zincinconcentrates MT 42.8 – 42.8 42.5 – 42.5 1%
Leadinconcentrates MT 11.1 – 11.1 11.2 – 11.2 – 1%
Copperinconcentrates MT 2.7 – 2.7 1.7 – 1.7 59%
Silverinconcentrates toz 657 – 657 583 – 583 13%
Brunswick smelting
Leadmetal MT – 18.0 18.0 – 16.8 16.8 n.m.
Silver toz – 3 471 3 471 – 3 526 3 526 n.m.
CEZ refinery 9
Zincmetal MT – 18.8 18.8 – 19.5 19.5 n.m.
Perseverance mine
Zincinconcentrates MT 21.4 – 21.4 27.8 – 27.8 – 23%
Copperinconcentrates MT 2.2 – 2.2 3.5 – 3.5 – 37%
TotalZincmetal MT – 18.8 18.8 – 19.5 19.5 n.m.
TotalZincinconcentrates MT 64.2 – 64.2 70.3 – 70.3 – 9%
TotalLeadmetal MT – 18.0 18.0 – 16.8 16.8 n.m.
TotalLeadinconcentrates MT 11.1 – 11.1 11.2 – 11.2 – 1%
TotalCopperinconcentrates MT 4.9 – 4.9 5.2 – 5.2 – 6%
TotalSilver toz 657 3 471 4 128 583 3 526 4 109 13%
Antamina (Peru) 6
Zincinconcentrates MT 22.7 – 22.7 15.0 – 15.0 51%
Other Zinc (Los Quenuales, Sinchi Wayra, AR Zinc, Rosh Pinah)
Zincmetal MT 6.5 0.5 7.0 8.8 1.4 10.2 – 26%
Zincinconcentrates MT 57.8 – 57.8 56.8 – 56.8 2%
Leadmetal MT 2.1 – 2.1 2.8 – 2.8 – 25%
Leadinconcentrates MT 10.3 – 10.3 10.7 – 10.7 – 4%
Copperinconcentrates MT 0.5 – 0.5 0.5 – 0.5 0%
Silvermetal toz 147 – 147 198 – 198 – 26%
Silverinconcentrates toz 2 069 – 2 069 1 992 – 1 992 4%
| First Quarter 2013 | 19
NiCKEL ASSEtS
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
Integrated Nickel Operations (Sudbury, Raglan, Nikkelverk)
Sudbury – Mine/mill
Nickelinconcentrates MT 3.3 2.6 5.9 6.8 1.6 8.4 – 51%
Copperinconcentrates MT 8.6 2.6 11.2 19.1 2.3 21.4 – 55%
Cobaltinconcentrates MT – 0.1 0.1 0.1 0.1 0.2 – 100%
Raglan
Nickelinconcentrates MT 8.4 – 8.4 8.1 – 8.1 4%
Copperinconcentrates MT 2.3 – 2.3 2.1 – 2.1 10%
Cobaltinconcentrates MT 0.2 – 0.2 0.2 – 0.2 0%
Nikkelverk
Nickelmetal MT – 22.3 22.3 – 23.3 23.3 n.m.
Coppermetal MT – 9.4 9.4 – 10.0 10.0 n.m.
Cobaltmetal MT – 0.8 0.8 – 0.8 0.8 n.m.
TotalNickelmetal MT – 22.3 22.3 – 23.3 23.3 n.m.
TotalNickelinconcentrates MT 11.7 2.6 14.3 14.9 1.6 16.5 – 21%
TotalCoppermetal MT – 9.4 9.4 – 10.0 10.0 n.m.
TotalCopperinconcentrates MT 10.9 2.6 13.5 21.2 2.3 23.5 – 49%
TotalCobaltmetal MT – 0.8 0.8 – 0.8 0.8 n.m.
TotalCobaltinconcentrates MT 0.2 0.1 0.3 0.3 0.1 0.4 – 33%
Falcondo
Nickelinferronickel MT 3.7 – 3.7 4.1 – 4.1 – 10%
Australia (XNA, Murrin Murrin)
TotalNickelmetal MT 8.7 0.9 9.6 9.4 1.3 10.7 – 7%
TotalNickelinconcentrates MT 1.4 – 1.4 1.8 – 1.8 – 22%
TotalCopperinconcentrates MT 0.1 – 0.1 0.1 – 0.1 0%
TotalCobaltmetal MT 0.6 – 0.6 0.7 – 0.7 – 14%
TotalCobaltinconcentrates MT 0.1 – 0.1 – – – n.m.
ALuMiNA/ALuMiNiuM ASSEtS
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
Sherwin Alumina
Alumina MT – 384 384 – 381 381 n.m.
| First Quarter 2013 | 20
FERROALLOyS ASSEtS
thousand¹
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q1 2013Total
Usingfeedfromownsources
Usingfeedfromthird
party sources
Q4 2012Total
Ownfeedchange
Ferromanganese MT – 29.1 29.1 – 17.3 17.3 n.m.
Siliconmanganese MT – 20.5 20.5 – 15.9 15.9 n.m.
Ferrochrome10 MT 260 – 260 284 – 284 – 8%
Platinum11 toz 21 – 21 21 – 21 0%
Palladium11 toz 12 – 12 12 – 12 0%
Rhodium11 toz 4 – 4 4 – 4 0%
1ControlledindustrialassetsandJVsonly.Productionisona100%basis,exceptasstated. 2Gold/Silverconversionratiosof1/54.20forQ1 2013and1/53.54forQ4 2012basedonaveragequarterlyprices. 3Coppermetalincludescoppercontainedincopperconcentratesandblistercopper. 4Cobaltcontainedinconcentratesandhydroxides. 5TheGroup’spro-ratashareofCollahuasiproduction(44%). 6TheGroup’spro-ratashareofAntaminaproduction(33.75%). 7 48,700 tonnes(Q4 2012:39,500 tonnes)ofcopperanodeproducedatAltonorteisrefinedtoproducecoppercathodeateitherMountIsaorCCRandhenceisexcludedfromthetotals.
8Zincmetalincludeszinccontainedinzincoxide. 9TheGroup’spro-ratashareofCEZproduction(25%).10ReflectstheGroup’s79.5%shareoftheXstrata-MerafeChromeVenture.11Consolidated100%ofElandand50%ofMototolo.
Selected average commodity prices
Q1 2013 Q4 2012 Change
S&PGSCIIndustrialMetalsIndex 384 380 1%
LME(cash)zincprice($/t) 2 030 1 947 4%
LME(cash)copperprice($/t) 7 927 7 913 0%
LME(cash)leadprice($/t) 2 293 2 197 4%
Goldprice($/toz) 1 632 1 718 – 5%
MetalBulletinaluminaprice($/t) 341 317 8%
LME(cash)aluminiumprice($/t) 2 002 1 999 0%
LME(cash)nickelprice($/t) 17 311 16 965 2%
MetalBulletincobaltprice99.3%($/lb) 12 15 – 20%
Ironore(Platts62%CFRNorthChina)price($/DMT) 148 143 3%
MetalBulletinferrochrome6–8%Cbasis60%Cr,max1.5%Si(¢/lb) 103 96 7%
Platinumprice($/toz) 1 632 1 596 2%
| First Quarter 2013 | 21
ENERgy PRODuCtS
Production data
COAL ASSEtS
millionMT1 OwnBuy-inCoal
Q1 2013Total Own
Buy-inCoal
Q4 2012Total
Ownproduc-tionchange
Australiancokingcoal 1.8 – 1.8 2.0 – 2.0 – 10%
Australianthermalcoal(Export) 11.0 – 11.0 12.0 – 12.0 – 8%
Australianthermalcoal(Domestic) 1.6 – 1.6 0.9 – 0.9 78%
Australiansemi-softcoal 1.1 – 1.1 0.9 – 0.9 22%
SouthAfricanthermalcoal(Export) 4.9 – 4.9 5.0 – 5.0 – 2%
SouthAfricanthermalcoal(Domestic) 5.8 0.3 6.1 5.9 0.4 6.3 – 2%
Prodeco(Colombia)thermalcoal 5.0 – 5.0 3.7 – 3.7 35%
Cerrejon(Colombia)thermalcoal2 1.5 – 1.5 2.8 – 2.8 – 46%Total coal 32.7 0.3 33.0 33.2 0.4 33.6 – 2%
1ControlledindustrialassetsandJVsonly.Productionisona100%basisexceptforJVs,wheretheEnlargedGroup’sattributableshareofpro-ductionisincluded.
2TheGroup’spro-ratashareofCerrejónproduction(33.3%).
OiL ASSEtS
thousandbblsQ1 2013
TotalQ4 2012
Total Change
Oil 1
BlockI 5 386 5 585 – 4%
Total 5 386 5 585 – 4%
1Ona100%basis.TheEnlargedGroup’sownershipinterestintheAsengfieldis23.75%.
Selected average commodity prices 1
Q1 2013 Q4 2012 Change
S&PGSCIEnergyIndex 335 320 5%
CoalAPI2($/t) 86 89 – 3%
CoalAPI4($/t) 85 86 – 1%
Australiancokingcoalaveragerealisedexportprice($/t) 158 152 4%
Australianthermalcoalaveragerealisedexportprice($/t) 88 92 – 4%
Australianthermalcoalaveragerealiseddomesticprice($/t) 37 36 3%
Australiansemi-softcoalaveragerealisedexportprice($/t) 118 132 – 11%
SouthAfricanthermalcoalaveragerealisedexportprice($/t) 84 88 – 5%
SouthAfricanthermalcoalaveragerealiseddomesticprice($/t) 28 29 – 3%
Cerrejon(Colombia)thermalcoalaveragerealisedexportprice($/t) 77 84 – 8%
Prodeco(Colombia)thermalcoalaveragerealisedexportprice($/t) 94 78 21%
Oilprice–Brent($/bbl) 113 110 3%
1Asof31March2013,41milliontonnesofexportcoalhadbeensoldforwardatanaveragepriceof$92pertonne.
| First Quarter 2013 | 22
AgRiCuLtuRAL PRODuCtS
Production data
thousandMT1Q1 2013
TotalQ4 2012
Total Change
Farming 352 75 369%
Oilseedcrushing 605 840 – 28%
Oilseedcrushinglongtermtollagreement 32 155 – 79%
Biodiesel 143 162 – 12%
Ricemilling 35 35 0%
Wheatmilling 282 256 10%
Sugarcaneprocessing – 427 – 100%
Malt 117 – n.m.
Pasta 72 – n.m.
Total 1 638 1 950 – 16%
Selected average commodity prices
Q1 2013 Q4 2012 Change
S&PGSCIAgricultureIndex 450 477 – 6%
CBOTcornno.2price(US¢/bu) 716 737 – 3%
ICEcottonprice(US¢/lb) 83 73 14%
CBOTsoyabeans(US¢/bu) 1 450 1 484 – 2%
NYMEXsugar#11price(US¢/lb) 18 20 – 10%
CBOTwheatprice(US¢/bu) 739 846 – 13%
| First Quarter 2013 | 23
Forwardlookingstatements
Thisdocumentcontainsstatementsthatare,ormaybedeemedtobe,“forwardlookingstatements”whichareprospectiveinnature.Theseforwardlookingstatementsmaybeidentifiedbytheuseofforwardlookingterminology,orthenegativethereofsuchas“plans”,“expects”or“doesnotexpect”,“isexpected”,“continues”,“assumes”,“issubjectto”,“budget”,“scheduled”,“estimates”,“aims”,“forecasts”,“risks”,“intends”,“positioned”,“predicts”,“anticipates”or“doesnotanticipate”,“believes”,orvariationsofsuchwordsandphrasesorstatementsthatcertainactions,eventsorresults“may”,“could”,“should”,“would”,“might”or“will”betaken,occurorbeachieved.Suchstatementsarequalifiedintheirentiretybytheinherentrisksanduncertaintiessurroundingfutureexpectations.Forward-lookingstatementsarenotbasedonhistoricalfacts,butratheroncurrentexpectations,beliefs,opinions,plans,objectives,goals,intentionsandprojectionsaboutfutureevents,resultsofoperations,prospects,financialconditionanddiscussionsofstrategy.
Bytheirnature,forwardlookingstatementsinvolveknownandunknownrisksanduncertainties,manyofwhicharebeyondGlencoreXstrata’scontrol. Forward looking statements arenotguaranteesof futureperformanceandmayandoftendodiffermaterially fromactual results. Importantfactorsthatcouldcausetheseuncertaintiesinclude,butarenotlimitedto,thosediscussedunder“Principalrisksanduncertainties”insection1.7ofGlencore’sAnnualReport2012.
NeitherGlencoreXstratanoranyofitsassociatesordirectors,officersoradvisers,providesanyrepresentation,assuranceorguaranteethattheoccurrenceoftheeventsexpressedorimpliedinanyforward-lookingstatementsinthisdocumentwillactuallyoccur.Youarecautionednottoplaceunduerelianceontheseforward-lookingstatementswhichonlyspeakasofthedateofthisdocument.Forwardlookingstatementsspeakonlyasofthedateofthisdocument.
Otherthaninaccordancewithits legalorregulatoryobligations(includingundertheUKListingRulesandtheDisclosureandTransparencyRulesof theFinancialConductAuthorityand theRulesGoverning theListingofSecuritieson theStockExchangeofHongKongLimited),GlencoreXstrata isnotunderanyobligationandGlencoreXstrataanditsaffiliatesexpresslydisclaimanyintentionorobligationtoupdate orreviseanyforwardlookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise.Thisdocumentshallnot,under anycircumstances,createanyimplicationthattherehasbeennochangeinthebusinessoraffairsofGlencoreXstratasincethedateofthisdocumentorthattheinformationcontainedhereiniscorrectasatanytimesubsequenttoitsdate.
Nostatementinthisdocumentisintendedasaprofitforecastoraprofitestimateandnostatementinthisdocumentshouldbeinterpreted tomean thatearningsperGlencoreXstrata share for thecurrentor future financial yearswouldnecessarilymatchorexceed thehistorical publishedearningsperGlencoreXstratashare.
Thisdocumentdoesnotconstituteorformpartofanyofferorinvitationtosellorissue,oranysolicitationofanyoffertopurchaseorsubscribeforanysecurities.Themakingofthisdocumentdoesnotconstitutearecommendationregardinganysecurities.
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