Xstrata plc

Since its initial public offering in March 2002, Xstrata has grown rapidly to become one of the largest diversified mining companies in the world, with top five industry positions in copper, export thermal coal, export coking coal, ferrochrome, zinc and nickel. In addition, the Group has a growing platinum business, recycling facilities, additional exposures to gold, cobalt, lead, silver and vanadium and a suite of mining and metals-related technologies, many of which are industry leaders. Our operations and projects span 19 countries and we have corporate offices in a further six countries. Our strategy will continue to rest on delivery against each of these three pillars, but over time, the emphasis has shifted. Initially, Xstrata’s strategy was, of necessity, dominated by acquisitive growth, to build a major diversified mining group with the scale and diversity to compete effectively with the leading companies in the industry. Following each acquisition, Xstrata’s operational teams have fundamentally transformed the acquired operations to extract synergies with existing operations and enhance their competitiveness, improve safety, environmental and social performance to industry-leading standards, extend the reserve and resource base and expected life of the operations and develop expansion or associated growth options.