Xstrata is the world’s fourth largest diversified mining group. We are ranked among the top five producers of copper, export thermal coal, export coking coal, ferrochrome, nickel and zinc globally, and also have a growing platinum group metals business, iron ore projects and recycling facilities. Our operations and projects, which span 20 countries and employ more than 70,000 people, are supported by a small corporate centre split between the head office in Zug, Switzerland and an office in London. We are is listed on the London and Swissstock exchanges, with a market capitalisation of $54 billion, as at 03 March 2012.
We differentiate ourselves from our competitors and peers by devolving responsibility and authority to our individual commodity businesses. This creates a strong sense of local ownership which we believe ultimately benefits our operations. Our managers are empowered and incentivised to tackle and solve local challenges and seize opportunities when they arise.
At least 1% of Xstrata Group’s profits before tax is set aside every year to fund initiatives that benefit the communities in which we operate. We support local culture and arts projects, programmes to boost community development, enterprise and job creation,health and education initiatives and environmental schemes. We set aside $109 million in 2011,representing 1.3% of pre-tax profits, for these local projects, and have donated $102 million, including $2 million of value in-kind contributions, so far.
Source: Xstrata
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