Commodities titan Glencore International PLC (GLEN.LN) forecasts securing more iron ore tonnage to trade this year and said it will approach iron ore investment opportunistically.

"We've locked up a lot of tonnage in the third-party producers, and our tonnage will increase...pretty well in 2012," Glencore's chief executive, Ivan Glasenberg, told analysts on a call Monday.

He said the company has had a good track record of developing brownfield projects and also will consider greenfield investments.

"Glencore will develop opportunistically and hopefully together with Xstrata," he added. He said the company is looking at different regions of West Africa where other iron ore producers are seeking different ways to solve their problems.

-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; alex.macdonald@dowjones.com

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