news release p… · news release baar, 13 may 2013 ims & first quarter 2013 production report...

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:[email protected] m:[email protected]

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:[email protected] e:[email protected]

website:www.glencorexstrataplc.com

| First Quarter 2013 | 2

Metals and MineralsProduction data

thousand¹

Usingfeedfromownsources

Usingfeedfromthird

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Q1 2013Total


Usingfeedfromthird

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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

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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%


thousand¹


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Q1 2013Total


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Q1 2012Total

Ownfeedchange

Antamina (Peru) 6


Silverinconcentrates toz 936 – 936 1 170 – 1 170 – 20%

Other South America (Alumbrera, Lomas Bayas, Altonorte, Tintaya, Antapaccay, Punitaqui)

Alumbrera (Argentina)


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



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




Mount Isa

Coppermetal MT 37.3 32.8 70.1 30.6 37.6 68.2 22%


Other




TotalCoppermetal MT 37.3 71.4 108.7 30.6 51.4 82.0 22%


TotalGoldinconcentrates toz 13 – 13 9 – 9 44%

TotalSilverinconcentrates toz 432 – 432 296 – 296 46%


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Q1 2013Total


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Q1 2012Total

Ownfeedchange

North America (CCR, Horne, Kidd)

CCR/Horne


Kidd


Zincinconcentrates MT 20.9 – 20.9 18.3 – 18.3 14%


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%


ZiNC ASSEtS

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Q1 2013Total


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Q1 2012Total

Ownfeedchange

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


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


Leadinconcentrates MT 11.9 – 11.9 10.2 – 10.2 17%


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%


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.


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Q1 2013Total


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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%



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



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%


TotalSilver toz 657 3 471 4 128 732 1 768 2 500 – 10%

Antamina (Peru) 6


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%


Leadmetal MT 2.1 – 2.1 2.5 – 2.5 – 16%



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%


NiCKEL ASSEtS

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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%


Cobaltinconcentrates MT 0.2 – 0.2 0.1 – 0.1 100%

Nikkelverk

Nickelmetal MT – 22.3 22.3 – 22.8 22.8 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%


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%


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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Q1 2013Total


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Q1 2012Total

Ownfeedchange

Sherwin Alumina

Alumina MT – 384 384 – 304 304 n.m.


FERROALLOyS ASSEtS

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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%.


• 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.


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.


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.


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.



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.


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%


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%


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.


Rice milling

• Ricemillingvolumesweredown56%duetopoorweatherconditionstowardstheendof2012,resultinginlowerriceavailablein

UruguayandArgentinaforprocessinginQ12013.

Malt and Pasta

• MaltandPastavolumesrelatetoViterraassetsacquiredattheendof2012.


Appendix 1: glencore Xstrata combined production information (Q1 2013 vs Q4 2012)MEtALS AND MiNERALS – tOtAL

Production data

thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


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


Usingfeedfromthird

party sources

Q1 2013Total


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


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%


thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


Usingfeedfromthird

party sources

Q4 2012Total

Ownfeedchange

Collahuasi (Chile) 5

Coppermetal MT 3.4 – 3.4 4.1 – 4.1 – 17%



Antamina (Peru) 6


Silverinconcentrates toz 936 – 936 1 038 – 1 038 – 10%

Other South America (Alumbrera, Lomas Bayas, Altonorte, Tintaya, Antapaccay, Punitaqui)

Alumbrera (Argentina)


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%




Other



TotalCoppermetal MT 22.4 – 22.4 22.2 – 22.2 1%

TotalCopperanode7 MT – 29.5 29.5 – 42.3 42.3 n.m.


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




Mount Isa

Coppermetal MT 37.3 32.8 70.1 36.0 17.1 53.1 4%

Copperinconcentrates MT – – – 6.3 – 6.3 – 100%


Other




TotalCoppermetal MT 37.3 71.4 108.7 36.0 62.5 98.5 4%


TotalGoldinconcentrates toz 13 – 13 11 – 11 18%



thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


Usingfeedfromthird

party sources

Q4 2012Total

Ownfeedchange

North America (CCR, Horne, Kidd)

CCR/Horne


Kidd







TotalSilverinconcentrates toz 903 – 903 995 – 995 – 9%

ZiNC ASSEtS

thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


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



Silverinleadbullion toz 1 451 – 1 451 1 547 – 1 547 – 6%

McArthur River






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.


thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


Usingfeedfromthird

party sources

Q4 2012Total

Ownfeedchange

North America (Brunswick, CEZ Refinery, Perseverance)

Brunswick mine





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



TotalZincmetal MT – 18.8 18.8 – 19.5 19.5 n.m.


TotalLeadmetal MT – 18.0 18.0 – 16.8 16.8 n.m.



TotalSilver toz 657 3 471 4 128 583 3 526 4 109 13%

Antamina (Peru) 6


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%


Leadmetal MT 2.1 – 2.1 2.8 – 2.8 – 25%



Silvermetal toz 147 – 147 198 – 198 – 26%

Silverinconcentrates toz 2 069 – 2 069 1 992 – 1 992 4%


NiCKEL ASSEtS

thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


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%


Cobaltinconcentrates MT 0.2 – 0.2 0.2 – 0.2 0%

Nikkelverk

Nickelmetal MT – 22.3 22.3 – 23.3 23.3 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%


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%


TotalCobaltmetal MT 0.6 – 0.6 0.7 – 0.7 – 14%

TotalCobaltinconcentrates MT 0.1 – 0.1 – – – n.m.

ALuMiNA/ALuMiNiuM ASSEtS

thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


Usingfeedfromthird

party sources

Q4 2012Total

Ownfeedchange

Sherwin Alumina

Alumina MT – 384 384 – 381 381 n.m.


FERROALLOyS ASSEtS

thousand¹


Usingfeedfromthird

party sources

Q1 2013Total


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.


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%


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.


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%


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%


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.

news release p… · news release baar, 13 may 2013 ims & first quarter 2013 production report...

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