Investor Day - Xstrata

Further Nickel business optimisation opportunitiesKabanga – future optionality• Located in northwest Tanzania, 50:50joint venture with Barrick, managedby Glencore• Estimated nickel sulphide resourcesof 58Mt @ 2.6% nickel• Potential nickel production of morethan 40ktpy of nickel-in-concentrateat full productionOnaping Depth – feasibility stage• Located in Sudbury basin, close toGlencore smelter• Estimated resource of 15.7Mt @2.74% Ni, 1.25% Cu• Located in a large, high-gradesulphide resource basin accessiblefrom the existing Craig MineinfrastructureAraguaia• Laterite nickel cobalt project locatedin Brazil• Measured and indicated resource of105Mt @ 1.33% Ni and an additional18Mt of inferred resources @ 1.3% Ni• Potential divestment opportunitySipilou• Laterite nickel cobalt project locatedin Ivory Coast• Joint venture with SODEMI; currentGlencore stake of 94%, diluting to85% upon issuance of mining license• Laterite deposit• Potential divestment opportunity187