Group information / Organisation

Xstrata at a Glance

Mission statement

We will grow and manage a diversified portfolio of metals and mining businesses with the single aim of delivering industry-leading returns for our shareholders.

We can achieve this only through genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which are based on integrity, co-operation, transparency and mutual value-creation.

Group overview and strategy

Xstrata plc was created through an initial public offering on the London Stock Exchange in March 2002. Since that time, the Group’s scale, scope, geographic spread and commodity diversification have been transformed through a combination of incremental acquisitions, organic growth projects, operational improvements and value accretive, company-transforming acquisitions. Xstrata is now the fifth largest diversified metals and mining company in the world, with operations and projects in 18 countries and top five market positions in each of its major commodities.

Xstrata’s primary strategic aim is to create superior shareholder value by growing and managing a diversified portfolio of mining and metals businesses. Our Mission recognises that to continue to grow and create value over the long term, we must operate in an ethical and transparent way, forming mutually beneficial partnerships with our stakeholders. Our strategic objectives are:

To manage an attractive portfolio of assets diversified by commodity, geography and currency
To uphold a rigorous and unwavering focus on value and growth, identifying and securing opportunities for value creation
To maintain and enhance our financial strength and discipline
To create further value through ongoing portfolio optimisation, delivery of capital and operational efficiencies and real cost reductions
To achieve and maintain the highest standards of health, safety and environmental performance at our operations and to work in partnership with local communities for mutual benefits, supporting the principles of sustainable development
To foster a high performance and entrepreneurial culture through a highly devolved structure, empowering management teams and minimising overheads
To conduct our business activities ethically and with the maximum transparency commercially possible