CAPITAL MARKETS

Xstrata approves $360M McArthur expansion

MINING giant Xstrata has demonstrated its commitment to zinc with a $US360 million ($A340 million) investment to double capacity at the McArthur River mine in the Northern Territory.

Lauren Barrett

Xstrata approves $360M McArthur expansion

The funds will help production grow from 2.5 million tonnes of ore to 5.5Mt per annum from 2015. Breaking the figures down, the development will boost zinc production to 380,000t while lead output...

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