GlencoreXstrata: IMS & Third Quarter 2013 Production Report Donnerstag, 31. Oktober 2013 - 08:10

NEWS RELEASE

(Embedded image moved to file: pic07714.gif) Baar, 31 October 2013

IMS & Third Quarter 2013 Production Report

Link to full Production Report: http://www.glencorexstrata.com/assets/Investors/GLEN-2013-IMS-and-Q3-Production-Report.pdf .

Following completion of the Glencore Xstrata merger on 2 May 2013, production information for all periods covered in this report has been presented on a combined basis.

Key Highlights:

– Total own sourced copper production was 1,070,900 tonnes, an increase of 23% over the prior year period.

– African copper own sourced production was 276,700 tonnes, up 37%, with strong sequential quarter on quarter growth; Mutanda up 28% and Katanga up 9%.

– Strong growth at Collahuasi, up 43% to 130,800 tonnes, with a marked improvement since June, following restart of the SAG mill and a return to higher ore grades, resulting in 130% growth over Q3 2012.

– Ramp up at the copper expansion projects of Antapaccay and Ernest Henry continue in line with expectations.

– Zinc expansion projects in Australia and Africa helped to significantly replace lost volumes from Brunswick and Perseverance which ceased production in June 2013. Excluding them, own sourced zinc production increased 9%.

– Own sourced gold production up 13%, based on strong growth at Vasilkovskoye (Kazzinc).

– Coal production up 6%, reflecting successful delivery of the various current expansion projects, including Prodeco.

– Together with Sumitomo, we have signed an agreement to acquire Rio Tinto’s 50.1% interest in the Clermont thermal coal mine in Queensland, Australia, for US$1.015 billion. Through a jointly controlled (50/50) entity, each company will hold a 25.05% effective economic interest in the mine. Upon completion, Glencore will assume Rio Tinto’s role in relation to operational management and marketing.

– The Alen oil field project produced 1.5 million barrels of gross production in Q3 2013, following the commencement of production at the end of Q2 2013. Sequential quarter on quarter oil production growth was 29%.

– Sale of Joe White Maltings to Cargill for A$420 million has received all regulatory approvals and is expected to close on 1 November 2013.

– Marketing profitability has continued to be broadly in line with expectations. Metals and energy remain the strongest, however we are also witnessing an improvement in agricultural performance.

For further information please contact:

Investor enquiries:

Paul Smith Martin Fewings Elisa Morniroli t: +41 (0) 41 709 2487 t: +41 (0) 41 709 2880 t: +41 (0) 41 709 2818 m: +41 (0) 79 947 1348 m: +41 (0) 79 737 5642 m: +41 (0) 79 833 0508 e: paul.smith@glencore.com e: martin.fewings@glencore.com e: elisa.morniroli@glencore.com

Media enquiries:

Charles Watenphul Finsbury t: +41 (0) 41 709 2462 Guy Lamming / Dorothy Burwell m: +41 (0) 79 904 3320 t: +44 (0) 20 7251 3801 e:charles.watenphul@glencore.com e: glencore@finsbury.com