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Xstrata Sticks with Australia Copper,Zinc Business
Jun 17, 2010 09:26Source:SMM
SYDNEY, June 17 -- Global miner Xstrata Plc (XTA.L: Quote) on Wednesday stood by its existing copper and zinc mining and metals operations in Australia's Queensland state.
Xstrata, threatening to scrap $5.4 billion in new copper and coal projects if Australia introduces a controversial mining tax, said its Ernest Henry copper mine was a critical part of its operations in Queensland, which also includes the Mount Isa copper and zinc mine and processing operations, a copper refinery and a port.
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