Its zinc production fell 16% to 938,500 tonnes due to mine
closures and sales, while cobalt output of 43,800 tonnes rose
40% year on year, due to the restart of the Mutanda mine in the
DRC.
(Reporting by Clara Denina and Muhammed Husain; Editing by
Subhranshu Sahu and Louise Heavens)
(Adds details)
LONDON, Feb 1 (Reuters) - Glencore said on
Wednesday its copper production fell 12% in 2022, impacted by
issues at its Katanga open-pit mine in the Democratic Republic
of Congo (DRC).
The London-listed miner and trader said it produced 1.06
million tonnes of copper last year, and kept its 2023 outlook
unchanged at around 1.04 million tonnes.
Disruptions at copper mines due to extreme weather, labour
issues or lower grades have caused companies to revise their
production expectations for 2023, a headache as they hunt for
minerals to power the green energy boom. Chilean miner
Antofagasta reported a 10% fall in 2022 copper output.
Glencore suspended operations at its huge Antapaccay copper
mine in Peru on Jan. 20 after protesters attacked the premises
The company reported a 6% increase in coal production to 110
million tonnes, driven by its Cerrejon mine in Colombia, a level
of production that it expects to keep this year.
Glencore last month shelved development of a A$2 billion
($1.3 billion) coal mine in Australia's Queensland state given
global uncertainties and a hike in state royalties that damaged
investor confidence.
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