04 May '11, 7am

UPDATE 1-Xstrata Q1 copper output falls 6 pct on bad weather

* Total mined copper 209,935 tonnes vs 222,971 tonnes * Consolidated coal production up 3 pct to 19.3 mln tonnes * Operating, financial performance continues to be strong (Adds details) LONDON, May 4 (Reuters) - Anglo-Swiss miner Xstrata reported a 6 percent decline in copper output in the first quarter due to severe weather conditions at its Collahuasi mine in Chile and lower grades at its Alumbrera mine in Argentina . Overall, the miner said adverse weather conditions including flooding in Queensland and Western Australia , tropical cyclone Yasi and heavy rainfall in South Africa, Colombia and other parts of South America impacted production during the period. Copper is the most profitable product for the world's fourth-largest miner, with coal ranking second. Consolidated coal production grew 3 percent, mainly due to increased thermal coal volumes from Australia . "In t...

Full article: http://sg.news.yahoo.com/1-xstrata-q1-copper-output-falls...

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