Dominican Republic - Anglo-Swiss mining company Xstrata PLC said Tuesday it will suspend operations in the Dominican Republic for four months because of high oil costs and a drop in nickel prices.
Xstrata PLC, which owns Canada's former Falconbridge Ltd., said the break will allow the company to switch its power source from oil to coal, develop an energy-conversion project and explore new land for mining. No one will be laid off, spokesman Luis Rosado said. read more
source: http://www.canadianbusiness.com/
Tuesday, August 19, 2008
Xstrata PLC temporarily suspends mining in DomRep
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