Xstrata 2009 coal output up
On Monday, Mining group Xstrata Plc (XTA.L) reported higher 2009 output of its most profitable product, coal, but weaker prices and currency effects will decrease profits when it releases financial results next week.
The press release is quoted as saying:
Coal is expected to account for 40 percent of core earnings this year while copper is due to make up 36 percent and zinc 10 percent, according to Morgan Stanley.
Click here to access the entire press release
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Wed, Feb 3, 2010
Post by Mike Rodger, Coal Reporter