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Glencore's new mines, Africa help boost copper output

Miners and traders Glencore Xstrata (GLEN.L) copper production increased by one-fifth of exhaustion on the slopes of replacement operations and a stronger performance in the Congo's mines in the first six months of 2013, driven by .
This is due to complete half-year report earnings next week, Glencore (Glencore) in its closely watched business sector has not been updated, but in line with market expectations, not only the amount of copper is higher, but the coal and agricultural products.
Glencore Xstrata in diversified miners, have the greatest exposure to copper.
It produces 673,400 tons of red metal in the first half, roughly in line with forecasts, due to Latin American business, including the newly completed Peruvian Antapaccay and operational improvements, Collahuasi copper mine in Chile, which has the option to increase.
In the second quarter, the Group's copper production totaled 351,600 tons, just over 22%.
African Copper production orders, including Zambia and the Democratic Republic of the Congo, came to 171,500 tons the first six months - up to 40% or more. Glencore is expected to hit the Congolese province of Katanga and the annual production capacity of Mutanda respectively 270,00 tons and 200,000 tons.
"The strong growth in the African copper should Glencore's ability to develop and operate assets increased market confidence," Liberum analysts, which has a "buy" rating on Glencore.
Zinc production, the combined group is another important source of revenue, down 3 percent to 729,500 tons, hitting mining operations reach their end of life impact of the decline.
Total coal production increased by 4% in Australia and Colombia, Prodeco business offset the impact of Cerrejon strike and in Colombia, business cooperation and Anglo American (AAL.L) and BHP Billiton (BHP Billiton) (BLT.L) has.
The group will update the market on September 10 the company Xstrata's integration progress.
Shares in the commodity group was flat at 0710 GMT, in a broader sector fell 1.3%.
 



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