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Share price: XTA.L GBp 3046.00 (-0.98%)

Xstrata Zinc / Australia

Mount Isa Mines

Xstrata Zinc: World > Australia

Xstrata Mount Isa photo
Detail label Value
Location North Queensland, Australia
Products Zinc concentrates, Crude Lead
Employees Approximately 1,160
Annual production capacity 300,000 tonnes of zinc in concentrate, 170,000 tonnes of crude lead

Description of Operation

Mount Isa Mines (Xstrata 100%) operates two separate mining and processing streams, copper and zinc-lead-silver. Mount Isa Mines’ zinc operations include an underground zinc-lead mine – George Fisher from which 3.1 million tonnes of ore is mined per annum, and two open pit zinc-lead mines –Black Star and Handlebar Hill; a concentrator with 6.5 million tonnes throughput per annum capacity; and a lead smelter.

The Handlebar Hill open pit mine is being developed and from the second half of 2008 should provide 1.75 million tonnes per year for the next three years.

Xstrata Zinc is expanding the Mount Isa zinc concentrator from 6.5 to 8 million tonnes of throughput per annum.

Brief History of the Operation

Prospector John Campbell Miles discovered silver-lead ore at Mount Isa in 1923. Mining began the following year and Mount Isa Mines was formed. During Mount Isa Mines’ early years the company focussed on zinc-lead-silver production with only a brief period of copper production during World War II. Parallel production of zinc-lead-silver and copper did not begin until 1953.

Xstrata acquired Mount Isa Mines in June 2003 through its MIM Holdings Limited acquisition.