In May 2013, Glencore and Xstrata plc merged to become a leading, globally integrated producer and marketer of commodities including metals and minerals, energy and agricultural products, employing more than130,000 people in over 40 countries.
Xstrata Copper is part of the Glencore Xstrata group. Glencore Xstrata is the fourth largest global copper producer and one of the world’s largest producers of smelter, refined and recycled copper, including from third party materials. Glencore Xstrata's copper operations and projects employ more than 33,000 people in ten countries: Argentina, Australia, Canada, Chile, the Democratic Republic of Congo, Papua New Guinea, Peru, the Philippines, the US and Zambia.
Xstrata Copper History
In July 2003, Xstrata plc acquired the Australian mining company MIM Holdings, and its copper assets in North Queensland, Australia and the Alumbrera copper-gold mine in Catamarca province, Argentina. Combined, these assets provided almost 500,000 tonnes a year of copper in concentrate.
In January 2004, Xstrata Plc formed Xstrata Copper to manage the Group’s growing portfolio of global copper operations and development projects. Over the following nine years, Xstrata Copper doubled its annual mined copper production, jumping from 10th to 4th spot in the ranking of world copper producers.
In August 2004, Xstrata Copper succeeded in its bid to acquire an option to develop the highly prospective Las Bambas copper district, giving us a foothold in southern Peru. The acquisition of the Tintaya copper mine, also in southern Peru, from BHP Billiton followed in May 2006. Together these two assets provided us with a significant platform to grow a substantial mining business in southern Peru.
Just a few months after the Tintaya acquisition, Xstrata took control of Canadian mining company Falconbridge on 21 August 2006. This acquisition continued the rapid transformation of Xstrata Copper into a major player in the copper industry. The former Falconbridge copper operations established a strong centre for Xstrata Copper in northern Chile, with the Altonorte smelter, the Lomas Bayas mine and a 44% share of the giant Collahuasi mine. The acquisition also strengthened our position in Peru with joint ownership of the Antamina mine through a 33.75% shareholding and established a significant presence for Xstrata Copper in Canada with full ownership of the Kidd operations, the Horne smelter, the Canadian Copper Refinery (CCR) and Noranda Recycling.
Merger with Glencore
In May 2013, Xstrata plc merged with Glencore International to create a leading diversified global commodities group. The combined copper business has an extended geographical reach across four continents, including the significant African copper producing regions of Zambia and the Democratic Republic of Congo.