Performance by Business
Relevant links
A strong operating performance at Xstrata’s coal, alloys, nickel, and zinc operations, led to record production across a number of the Group’s key commodities during 2008.
Read more
$2,002m
7%
14% 2007: $389m
Xstrata Alloys
Key achievements
- Record ferrochrome prices and strong cost control contributed to Xstrata Alloys’ increased revenue
- Lion ferrochrome smelting complex and Bokamoso pelletising plant contributed greater than expected improvements in energy efficiency and ore consumption
- Elandsfontein platinum operation was successfully commissioned
Contribution to Group Revenue
$2,002m7%
Contribution to Group EBIT
$1,007m14% 2007: $389m
Average number of employees in 2008 (excluding contractors)
9,476For more information see Alloys
Read more
$7,944m
28%
49% 2007: $690m
Xstrata Coal
Key achievements
- Robust prices, strong operating performance and record sales volumes increased the revenue achieved by Xstrata Coal
- There was strong demand for thermal and coking coal in both the Pacific and Atlantic markets for the majority of 2008
- Successful integration of the acquired Tahmoor and Resource Pacific operations
Contribution to Group Revenue
$7,944m28%
Contribution to Group EBIT
$3,549m49% 2007: $690m
Average number of employees in 2008 (excluding contractors)
9,622For more information see Coal
Read more
$11,464m
41%
32% 2007: $4,163m
Xstrata Copper
Key achievements
- Dramatic fall in copper prices, reduced sales volumes and lower production led to a fall in Xstrata Copper’s revenue
- Copper volumes increased by 16% in the second half compared to the first half, when lower grades and a number of one-off operational difficulties reduced volumes
Contribution to Group Revenue
$11,464m41%
Contribution to Group EBIT
$2,297m32% 2007: $4,163m
Average number of employees in 2008 (excluding contractors)
11,131For more information see Copper
Read more
$3,105m
11%
5% 2007: $2,172m
Xstrata Nickel
Key achievements
- The significant collapse in the nickel price during 2008, after record highs in 2007, reduced Xstrata Nickel’s revenue for 2008
- Record production was achieved at the Nikkelverk refinery
- The Jubilee assets in Australia were successfully integrated
Contribution to Group Revenue
$3,105m11%
Contribution to Group EBIT
$341m5% 2007: $2,172m
Average number of employees in 2008 (excluding contractors)
4,520For more information see Nickel
Read more
$3,202m
12%
2% 2007: $1,529m
Xstrata Zinc
Key achievements
- Lower zinc and lead prices impacted Xstrata Zinc’s revenue during the year
- Cost savings of $87 million achieved through improved productivity and operating efficiencies
- The Perseverance mine in Canada commenced production
Contribution to Group Revenue
$3,202m12%
Contribution to Group EBIT
$113m2% 2007: $1,529m
Average number of employees in 2008 (excluding contractors)
5,029For more information see Zinc
Read more
$235m
1%
2007: $43m
Xstrata Technology Services
Key achievements
- Xstrata Technology Services maintained a stable revenue despite project deferrals during the year
- Strong demand for Xstrata Technology’s solutions
- Increase in external customers using Xstrata Process Support’s services
Contribution to Group Revenue
$235m1%
Contribution to Group EBIT
$32m2007: $43m
Average number of employees in 2008 (excluding contractors)
162For more information see Technology Services