HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bernardho

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xstrata continueto expand

posted on Aug 06, 2008 07:12AM

Xstrata to spend C$121 mln to expand Canada mine

Wed Aug 6, 2008 10:54am EDT

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TORONTO (Reuters) - Xstrata (XTA.L: Quote, Profile, Research, Stock Buzz) will spend C$121 million ($115 million) to deepen and extend the life of its Kidd copper and zinc mine in Northern Ontario, Canada, the Anglo-Swiss mining giant said on Wednesday.

Xstrata, which acquired the mine with its takeover of Canadian miner Falconbridge in 2006, said the investment will add 3.4 million tonnes of ore to the mine's production and extend its life by one year to 2017, Xstrata said.

The construction should be completed by 2010 and will deepen the mining zone at Kidd's D mine to 9,500 feet from 9,100 feet.