Xstrata PLC (LON: XTA) shares rise in price against the implementation of the Las Bambas Project

Xstrata PLC will continue to stay in green

In brief: Xstrata PLC (LON: XTA) leads Bulls to increase trading volumes due to the company a good profit.

Xstrata PLC (LON: XTA) shares are not out of the Green Zone today. Xstrata PLC is 1,084.50 points, gaining +9.50 points (0.88%). Xstrata today approved an investment of 4,2 billion euros for the implementation of Las Bambas copper project in the region of Apurimac in Peru.

It is expected that construction will start in the III quarter of 2011 In early July, the board of directors of Swiss companies have already approved the investment of $ 1.47 billion in the development of copper deposits Antapakkay in southern Peru. The mining company has also signed an agreement of intent as part of its plan of acquiring 75 per cent stake in Noranda Income Fund, the sole asset of which are refining and processing facilities CEZinc in Quebec (Canada). CEZinc is the second largest zinc plant in North America and the largest in terms of output of zinc in the eastern part of the continent.

Igor Tringlers
2010-08-03 10:45, Economics.

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