AGORACOM News Flash

AGORACOM WIRE .... TUESDAY FEBRUARY 14TH

UPDATE 1:30PM

Graphite is the Emerging Investment Story of 2012

Graphite Investment Conference Vancouver

Breaking News ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More | Profile

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Close

Message: Xstrata & Donner Metals To Invest $158 million To Develop Base Metals Mine

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

AGORACOM-GT

Rank: [?]

Administrator

Points: [?]

7601

Rating: [?]

Votes: 155 Score: 3.8

Currently 3.9/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Xstrata & Donner Metals To Invest $158 million To Develop Base Metals Mine

posted on Jul 12, 10 08:28AM (Log in to use the IP Check tool) ^[?]

Base metals mine in Northwestern Quebec gets cash injection

Talk With Other Investors On The Donner Metals HUB on AGORACOM

By Robert Gibbens, The Gazette July 9, 2010

MONTREAL - Anglo-Swiss mining giant Xstrata PLC, and partner Donner Metals Ltd., of Vancouver, said Friday they will invest $158 million to develop the Bracemac-Mcleod base metals mine at Matagami in Northwestern Quebec.

The mine will have annual capacity of 80,000 tonnes of zinc and 10,000 tonnes of copper and start-up is due in 2013. It will replace production from another Xstrata mine that is running out of reserves.

Bracemac-Mcleod is a high-return project that will provide feed for the Matagami concentrator, said Xstrata.

It will provide 250 permanent jobs and new opportunities for the workforce at the Perseverance mine when it closes.

Xstrata will hold a 60 per cent stake in the joint-venture project after spending up to $20 million mainly for a feasibility study being done by Montreal engineers Genivar Inc. Donner will hold the balance. Bracemac-McLeod's indicated reserves are 3.6 million tonnes of ore containing zinc, copper, silver and gold values.

Xstrata, a global mining and metals group, is best known for its nickel assets in Eastern Canada. It owns the Raglan nickel mine in Northern Quebec, the former Falconbridge nickel mines in Ontario and a minority stake in the Valleyfield zinc refinery near Montreal.