Sunday, August 14, 2011

Asset optimisation and mine extension a priority for mining majors

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min2664 As resources and pipeline of new mines become more scarce, mining companies are looking to extend the life-span to key existing mines. #Xstrata, one of the top diversified miners globally, is studying the possibility of extending the "life" of #MountIsa to beyond 2060. According to this article in mining weekly, Xstrata is investing some A$463-million to expand Mount Isa's zinc/lead mining operations, with four development projects under construction and a further A$300-million of potential expansions under evaluation. Read article here One of the key people driving this project is Steve de Kruijff, Chief Operating Officer of Xstrata Copper North Queensland. Join him and other mining majors from RioTinto, Vale, as they speak on their strategy and plans on expansion and further developments at # AsiaMiningCongress2012 .

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