Bloomberg News

Xstrata to Continue ‘Progressive’ Dividend Policy

December 06, 2011

(Corrects headline and first paragraph so say policy is “progressive.")

Dec. 6 (Bloomberg) -- Xstrata Plc will continue its ‘‘progressive’’ dividend policy, Chief Executive Officer Mick Davis said today at the company’s investor day meeting in London.

The Collahuasi copper venture in Chile ‘‘hasn’t been a great deliverer” this year, Davis said. “It’s been a disappointing exercise for us.”

Even so, Xstrata will be able to deliver significant cost reductions overall next year, he said.

--Editor:

To contact the reporter on this story: Firat Kayakiran in London at fkayakiran@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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