Followers | 520 |
Posts | 40228 |
Boards Moderated | 21 |
Alias Born | 09/16/2007 |
Tuesday, May 17, 2011 9:08:53 PM
Xstrata (LSE:XTA)
Intraday Stock Chart
Today : Tuesday 17 May 2011
Click Here for more Xstrata Charts.
Anglo-Swiss mining giant Xstrata PLC's (XTA.LN) Xstrata Mount Isa Mines plans to phase out copper smelting at Mount Isa and refining operations at Townsville by the end of 2016, citing challenging market conditions for those businesses as a result of global overcapacity.
"The economic viability of our Mount Isa copper smelting and refining operations has been under increasing pressure for a number of years and cannot be sustained in the long term," Xstrata Copper North Queensland Chief Operating Officer Steve de Kruijff said in statement. "We need to evolve our business to ensure we can secure the future of our operations for the long term."
Xstrata plans to expand mining and concentrate production at the Mount Isa Mines as well as potentially develop new mines at Mount Isa and in the region.
-By Cynthia Koons; Dow Jones Newswires; +61-2-8272-4691; cynthia.koons@dowjones.com
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM