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Glencore Xstrata PLC Gets Approval For Mcarthur River Expansion-DJ


Monday, 3 Jun 2013 09:52pm EDT 

Dow Jones reported that the government of Australia's Northern Territory has signed off on a planned expansion of Glencore Xstrata PLC's McArthur River zinc-and-lead mine. The state government's minister for mines and energy, Willem Westra van Holthe, said that he had approved the plan, which the Company last year said would more than double total capacity at the mining operations to 5.5 million metric tons a year. The 369 million Australian dollar (USD360.5 million) project will also extend the mine's life by nine years, to 2036. 

Company Quote

359.45
1.65 +0.46%
19 Sep 2014