London-listedGlencore, which will wrap up a takeover of Xstrata next month, banked £3.06bn,down from £4.06bn a year ago.

Analystsnote the fall was not as severe as that experienced by peers during the samestretch.

Despitethe pending Xstrata deal CEO Ivan Glasenberg says further opportunistic acquisitions are possible as miners look to sell non-core assets.

"Thoseopportunities will be there - that is something new in the industry,"Glasenberg said, according to Reuters.