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Xstrata plc

Publié le 15 juillet 2008

Lennard Shelf operation ceases production

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Mots clés associés :   Canada | Copper | Dollar | Zinc |

JOINT NEWS RELEASE

 

LENNARD SHELF OPERATION CEASES PRODUCTION

 

 

Madrid and Vancouver, 14 July 2008

 

 

Teck Cominco Limited (TSX: TCK.A and TCK.B, NYSE:TCK) and Xstrata Zinc today announce the closure of the joint venture Lennard Shelf Pillara mine in Western Australia. Operations are expected to cease by early August.

 

The Pillara mine has become uneconomic, primarily due to the sharp decline in zinc and lead prices compounded by the appreciation in the Australian dollar.  Higher energy and labour costs and lower than planned production have also contributed to rendering the project uneconomic. The decision to start Lennard Shelf was made in 2006 and production commenced in early 2007. In the period to 31 December 2007, the operation produced 42,100 tonnes of zinc metal and 12,400 tonnes of lead metal.

 

Orderly mining of drilled and broken ore stocks will be undertaken from today until the cessation of milling operations.  Mine development and exploration work has been suspended. All existing contracts will be terminated and employees will be provided with appropriate support.

 

Dewatering of the Pillara mine will be discontinued following de-commissioning and the plant and surface facilities will be placed on care and maintenance until a decision on the long term future of the assets and tenements is taken.

 

The closure is not expected to have a material impact on earnings for either company.

 

Ends

 

For further information contact:

 

Teck Cominco Limited

Xstrata

Greg Waller

Claire Divver

Telephone

+1-604-685-3005

Telephone

+44 20 7968 2871

Email

greg.waller@teckcominco.com

Email

cdivver@xstrata.com

 

 

 

 

Xstrata Zinc Australia

 

Patrick Collins

 

Mobile

+61 4 23 842 994

 

 

Email

pcollins@xstratazinc.com.au

 

 

 

 

 

 

 

 

Notes to editors

 

About Lennard Shelf

Lennard Shelf is a 50/50 Joint Venture with Teck Cominco and Xstrata, located in the Kimberley region of Western Australia.  The reopening of the Pillara mine and milling operations was announced in April 2006 with a projected mine life at that time of 3 to 4 years.  Approximately 300 employees and contractors are currently employed at the Pillara mine and mill and Derby port facilities.

 

About Teck Cominco

Teck is a diversified mining company, headquartered in Vancouver, Canada. Shares are listed

on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock

Exchange under the symbol TCK. The company is a significant producer of copper, zinc,

metallurgical coal and specialty metals, and has interests in several oil sands development

assets. Further information can be found at www.teckcominco.com.

 

About Xstrata Zinc

Headquartered in Madrid, Spain, Xstrata Zinc is one of the world?s largest producers of zinc and one of the commodity business units within the major global diversified mining group Xstrata plc. Xstrata?s zinc and lead operations and exploration projects are located in Australia, Canada, Germany, Peru, Spain and the United KingdomFurther information can be found at www.xstrata.com.

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Xstrata est une société de production minière de zinc et de plomb basée en Suisse.

Xstrata est productrice de zinc, de plomb, d'argent, de bauxite, de charbon, de cobalt, de cuivre, de molybdène, de nickel et d'or au Botswana, au Canada, au Chili, au Perou, en Australie, en Argentine, en Colombie et en Jamaique, en développement de projets d'argent, de cobalt, de cuivre, de molybdène, de nickel, d'or, de palladium, de platine, de plomb, d'uranium et de zinc au Canada, au Chili, aux Philippines, en Australie, en Argentine, en Nouvelle-Caledonie et en Republique Dominicaine, et détient divers projets d'exploration au Botswana, au Bresil, au Canada, au Chili, au Groenland, au Mexique, au Panama, au Perou, au Yemen, en Australie, en Afrique Du Sud, en Argentine, en Irlande, en Norvege, en Papouasie-Nouvelle-Guinee et en Turquie.

Ses principaux projets en production sont ALUMBRERA en Argentine, KIDD CREEK MINE (MINE D), CRAIG - ONAPING (SUDBURY) MINE, PELLETIER LAKE (STADACONA MINE), LINDSLEY MINE, NORALEX (WEST ANSIL, HORNE, ETC), STRATHCONA, KIDD CREEK DIVISION, BUCKO LAKE, FALCONBRIDGE MINE, RAGLAN, SUDBURY, BRUNSWICK MINE et KIDD au Canada, HYC MCARTHUR RIVER, MOUNT ISA LEAD ZINC SILVER, ERNEST HENRY, BOUNTY MINE, COSMOS MINE, THUNDERBOX, EMILY ANN (LAKE JOHNSTON), MT MCCLURE, MT ISA, SILVER SWAN, MT ISA BLACK STAR, MT ISA ENTERPRISE et EMILY ANN en Australie, LOMAS BAYAS et COLLAHUASI MINE au Chili, TINTAYA, ANTAMINA, ANTAMINA et ANTAMINA ZINC ORE au Perou, PHOENIX MINE (TATI NICKEL) au Botswana, PRODECO en Colombie et ST ANN BAUXITE en Jamaique, ses principaux projets en développement sont LENNARD SHELF, MAGGIE HAYS, CLONCURRY COPPER et LENNARD SHELF en Australie, CERRO DE MAIMON et FALCONDO MINE en Republique Dominicaine, AGUA RICA et EL PACHON en Argentine, HACKETT RIVER, PREMIERE RIDGE, ONAPING DEPTH, FRASER MORGAN, NICKEL RIM SOUTH, ONAPING DEPTH, PERSEVERANCE et PD1 au Canada, LOMAS BAYAS II au Chili, KONIAMBO en Nouvelle-Caledonie et TAMPAKAN aux Philippines et ses principaux projets en exploration sont HORNE SMELTER, ISLAND COPPER, KONRAD, MARY MARCH, MEGATEM, ROBB LAKE, AKWESKWA, MUSK, CEZINC, DONKIN, TROILUS / TORTIGNY, TORTIGNY, SABIN, CHANCE, TULKS NORTH, CATFACE, GREAT BURNT LAKE, WEST ANSIL, TULK SOUTH - DOMINO, TULK EAST B ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK LONG LAKE MAIN ZONE, SKIDDER, MATAGAMI, HEATH STEELE MINES, GASPE MINE et MONTCALM TWP PROP au Canada, BLACK ROCK, TOBY CREEK, MUSGRAVE, MOUNT PEAKE et SINCLAIR en Australie, ELMALAAN en Turquie, MANGABAL au Bresil, KABANGA en Tanzanie, FRIEDA - NENA DEPOSIT en Papouasie-Nouvelle-Guinee, PALLAS GREEN en Irlande et DIKOLOTI au Botswana.

Xstrata est cotée au Royaume-Uni et en Allemagne. Sa capitalisation boursière aujourd'hui est 2 893,1 milliards GBX (4 497,6 milliards US$, 3 435,7 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 30 avril 2013 à 963,50 GBX, et son plus haut niveau récent le 02 mai 2013 à 999,70 GBX.

Xstrata possède 3 002 692 076 actions en circulation.

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LSE (XTA.L)FRANKFURT (XTR.F)
963,50-2.64%0,082-4.65%
LSE
GBX 963,50
30/04 16:35 -26,10
-2,64%
Cours préc. Ouverture
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Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  963,50 216,94%
Volume var. 1 mois
20 722 175 216,94%
24hGold TrendPower© : -33
Produit Bauxite - Copper - Gold - Lead - Molybdenum - Nickel - Silver - Zinc
Développe Cobalt - Copper - Gold - Lead - Molybdenum - Nickel - Palladium - Platinum - Silver - Zinc
Recherche Coal - Copper - Gold - Lead - Nickel - Silver - Vanadium - Zinc
 
 
 
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