XSTRATA ZINC ACQUIRES REMAINING 25% INTEREST IN McARTHUR RIVER JV
Darwin, 22 September 2005
Xstrata Zinc has agreed to purchase the remaining 25% interest in the McArthur River Joint Venture in the Northern Territory, Australia, from its Joint Venture partner, ANT Minerals Pty Ltd. ANT Minerals is a consortium comprising Nippon Mining & Metals, Mitsui & Co and Marubeni Corporation.
Following the conclusion of the transaction, McArthur River zinc-lead mine will be 100% owned by Xstrata Zinc. The transaction is conditional on approval by the relevant authorities.
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Marc Gonsalves
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Brigitte Mattenberger
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Email bmattenberger@xstrata.com