August 30, 2014 12:27 AM ET

Metals and Mining

Company Overview of Glencore Queensland Limited

Company Overview

Glencore Queensland Limited mines, processes, and markets copper, zinc, lead, silver, and gold; the mining and marketing of coal; and the provision of ancillary services and exploration for precious metals, base metals, and coal. Glencore Queensland Limited was formerly known as Xstrata Queensland Limited. The company was founded in 1970 and is based in Brisbane, Australia. Glencore Queensland Limited operates as a subsidiary of Glencore Xstrata plc.

Level 9

Level 1

340 Adelaide Street

Brisbane, QLD 4000

Australia

Founded in 1970

Phone:

61 7 3295 7500

Fax:

61 7 3295 7640

Key Executives for Glencore Queensland Limited

Chief Executive Officer
Age: 55
Chief Financial Officer
Executive Vice President of South American Project Development
Chief Operating Officer of Canada
Chief Operating Officer of North Queensland
Compensation as of Fiscal Year 2014.

Glencore Queensland Limited Key Developments

Charlie Sartain to Leave Xstrata Copper as Chief Executive, Effective May 2, 2013

Xstrata Copper Chief Executive Charlie Sartain will leave the company on 2 May 2013.

Xstrata Queensland Limited Completes Project to Extend Lomas Bayas Mine Life by 16 Years

Xstrata Queensland Limited's Lomas Bayas operation, located in northern Chile, has completed construction and commenced commissioning on schedule of its CAD 300 million Lomas II project to extend the mine life by 16 years, until at least 2028, at existing production levels of 75,000 tones of copper cathodes per annum. The Lomas II project involved the development of the Fortuna de Cobre open pit, located three kilometers from the operation's original mine and infrastructure, and the construction of a new primary crusher, conveyor transport system and new heap and run-of-mine (ROM) leach pads. Copper cathodes are produced using the existing Lomas Bayas SX-EW plant.

Xstrata Queensland Limited Announces Further Mineral Resource Increase at El Pachón Project in San Juan Province, Argentina

Xstrata Queensland Limited (Xstrata Copper) announced a significant increase to the Mineral Resource estimate at the company's El Pachón project in San Juan Province, Argentina. Total Mineral Resources have increased to 3.3 billion tonnes at a grade of 0.47% copper, using a cut-off grade of 0.2% copper, and include additional silver and molybdenum by-product credits. The company reported that this represents a 20% increase compared to the previous mineral resource estimate published in December 2011. Total contained copper metal has increased by 16% to 15 million tonnes. The new estimate is the result of the remodelling of the deposit including additional drilling from prior drilling campaigns not previously accounted for and the use of new geotechnical, metallurgical and economic parameters developed as part of the project's final feasibility studies. El Pachón is a major long-life development project with the potential to initially produce 400,000 tonnes of copper per annum. During the remainder of the year, the company will continue to update the project's final feasibility and environmental impact studies taking into account these new Mineral Resources.

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