OREANDA-NEWS. August 12, 2016. Glencore’s own sourced copper production was 703 kt 27.9 kt (4%) lower than in H1 2015 due to suspended production at Katanga and reduced volumes at Mopani. Lower volumes were partly offset by higher milling rates at Antapaccay, and grade-related volume increases, particularly at Collahuasi, Alumbrera and Antamina.

Zinc production shrunk to 506,500 tonnes, 31% lower then H1 2015, due to the production cuts principally in Australia and Peru. Own sourced lead production was 145,300 tonnes, in line with H1 2015. Kazzinc own zinc production of 89,200 tonnes was in line with H1 2015, reflecting consistent plant operations with minimal interruptions.

Kazzinc gold production of 243,000 ounces was 4,000 ounces (2%) lower than H1 2015, due to a temporary stoppage of the gold refinery for a periodic stock count.

Glencore’s own sourced nickel production of 57,100 tonnes was 8,200 tonnes (17%) higher than H1 2015, reflecting increased treatment of own feed at INO which had been impacted by the smelter shutdown at Sudbury in the comparable period.

Glencore’s attributable share of ferrochrome production was 762,000 tonnes, in line with H1 2015.

Vanadium pentoxide production of 10.1 million pounds was in line with H1 2015.

Adjusting for placing Eland on care and maintenance in October 2015, 4E production from Mototolo was 56,000 ounces, compared to 50,000 ounces in H1 2015.

Total coal production of 58.8 million tonnes was 9.9 million tonnes (14%) lower than in H1 2015, mainly due to the partclosure of the Optimum Coal division, prior to it being placed into business rescue in Q3 2015.

Glencore’s share of production was 4.4 million barrels, 0.9 million barrels (18%) lower than H1 2015, as the existing fields deplete at expected rates. New drilling activity has been curbed, in order to preserve the resource for an improved price / margin environment.