core sector communique

Xstrata contributes further Funding to assist Flood Relief Effort in Queensland, Australia

Zug, 18 January 2011

 

Xstrata today announced it will double the value of its donation to the Queensland Premier’s Disaster Relief Appeal from A$1 million to A$2 million as a result of the worsening crisis that has now severely impacted the city of Brisbane and the south east of the state too, causing widespread damage and a tragic loss of life.

Xstrata Chief Executive Officer Mick Davis said  “A number of our employees and the communities in which we operate have been personally affected by the floods in central Queensland an now in Brisbane and the surrounding areas, and our thoughts are with those who have begun the painful clean up of their homes and businesses. We also offer our condolences to the families of the victims of this disaster.

"Following our initial contribution and offers of logistical and specialist emergency support, we believe the enormity of the disaster and magnitude of the rebuilding challenges ahead necessitate additional substantial financial assistance. We urge other companies to also respond to the Premier’s plea for financial support.

“Further to our additional contribution to the Premier’s Disaster Relief Appeal, Xstrata is also continuing to review opportunities to provide financial and other forms of assistance through its existing Corporate Social Involvement programme directly to locally based initiatives in our communities which will benefit and assist those that have been detrimentally affected by the floods.”

Xstrata is a significant employer within Queensland and a major contributor to the region’s economic growth through its Coal, Zinc, Copper and Technology operations in the state.

 

Ends

Neither the content of the company's website nor the content of any other website accessible from hyperlinks on the company's website is incorporated into, or forms part of, this announcement

 

 

About Xstrata plc

Xstrata is a global diversified mining group, listed on the London and Swiss Stock Exchanges. Headquartered in Zug, Switzerland, Xstrata maintains a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with a growing platinum group metals business, additional exposures to gold, cobalt, lead and silver, recycling facilities and a suite of global technology products, many of which are industry leaders. The Group's operations and projects span 19 countries.