Glencore posts solid growth in copper, coal but nickel, zinc output dip

Glencore (OTCPK:GLCNF, OTCPK:GLNCY) reports H1 copper production rose 13% Y/Y to 741K tons, thanks largely to an increase in capacity at its Congolese operations and a better performance from the Collahuasi mine in Chile.

Coal output rose 5% to 71.2M tons, with an expansion at its Australian mines mitigating some of the effects of a long strike at its Cerrejón mine in Colombia.

However, the closure of two Canadian mines last year was partly to blame for an 11% fall in zinc production to 650K tons, and the shuttering of nickel mines in Australia and the Dominican Republic was reflected in an 8% reduction in output to 49K tons.

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