Xstrata plc reported production results for the third quarter and nine months ended September 2009. The company reported a 9.57% year-on-year drop in mined copper output for the third quarter to 212,173t due to lower grades at the Alumbrera mine in Argentina, Antamina in Peru and Ernest Henry in Australia. Copper cathode output, including third party material, fell to 181,318t from 212,635t, while mined gold output - which also comes from the Xstrata Copper division - fell to 99,336oz from 141,478oz. In the nickel division, the company said its Falcondo operation in the Dominican Republic remained halted for maintenance in the third quarter. Thermal coal output from the Americas rose to 5.2Mt from 2.8Mt. In Latin America the company owns one-third of the Carbones de Cerrejón mine and recently acquired the Prodeco mine, both in Colombia. However, the company only included Prodeco for its production report of thermal coal in the Americas for January-September 2009, which amounted to 15.6Mt, up from 8.0Mt year-on-year.

On October 15, 2009 Xstrata plc walked away from making a formal bid for Anglo American plc. Xstrata was given October 20, 2009 deadline by London's Takeover Panel to place a formal bid for Anglo or walk away for the next six months.

PT Recapital Advisors is close to signing an agreement to acquire PT Berau Coal for at least $1.3 billion, according to sources familiar with the deal. Recapital has received a verbal agreement that they are the winners in the bidding for the company, two sources told Reuters, adding the deal could be finalized by the end of 2009. Under the deal, Recapital will acquire a 51% stake from PT Armadian Tritunggal, controlled by businessman Rizal Risjad, which would trigger the sale of remaining shares in Berau, sources said. "Yes we are bidding for Berau," Rosan P. Roeslani, president director of Recapital, told Reuters, without confirming that his company was the winning bidder. The sources wished to remain anonymous because the deal was not public. Credit Suisse Group is advising Recapital, one of the sources said. The sale is being run by Deutsche Bank AG, Bank of America's Merrill Lynch, and PacBridge Capital Partners. Huaneng Power International Inc. and Indika Energy tbk had also tabled bids, sources had told Reuters in July. Banpu Public Company Limited may also have bid for the stake while Xstrata Plc and Peabody Energy Corp. had previously expressed interest.