Re: Xstrata to shut Timmins Smelter

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Edgy

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Re: Xstrata to shut Timmins Smelter

in response to

Re: Xstrata to shut Timmins Smelter

Rundle

posted on Dec 08, 2009 10:48AM

Good point Rundle. Perhaps Xstrata is hoping for help from the governments and concessions from miners in the form of wages cuts. Always bargaining chips at play.

Operating costs in north America just may be the cause for them being aloof regarding the Ring. Could also be a reason for Cliffs making low ball offers.

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