Glencore Xstrata Plc (GLEN), the biggest publicly traded commodities supplier, will export concentrates from its Rosh Pinah zinc and lead mine from a Namibian port closer to the operation starting next week, an official said.
The company will ship the metal that’s used to galvanize steel, a process that protects it from corrosion, from the southern port of Luderitz, about 290 kilometers (180 miles) northwest of the operation, rather than from the Walvis Bay port, which is about 812 kilometers away from the mine, said a company official who asked not to be named because an announcement hasn’t been made.
A spokesman for Glencore Xstrata declined to immediately comment.
While the company has started transporting material by road to Luderitz, nothing has yet left the port, the official said. The new shipping route will officially start on Nov. 27, the person said. Until now, concentrates have been moved by rail to Walvis Bay.
Rosh Pinah is an underground mine 800 kilometers south of Namibia’s capital, Windhoek. It can produce 70,000 metric tons of zinc and 28,000 tons of lead annually. Glencore International Plc bought a majority stake in Rosh Pinah in 2011, including Exxaro Resources Ltd. (EXX)’s share in the company. Glencore on May 2 took over Xstrata Plc, creating the world’s fourth-biggest mining company.
Rosh Pinah started exporting concentrates via Walvis Bay in 2011, after Exxaro closed its Zincor zinc refinery in neighboring South Africa.
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