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Glencore Fires Contractor for NSW Mine Expansion, Casts Doubt on Project
Jun. 06, 2013 04:30AM PST
Base Metals Investing The Sydney Morning Herald reported that a planned $110 million expansion at a Glencore Xstrata mine in NSW is being called into question after they fired the contractor hired for the job.
The Sydney Morning Herald reported that a planned $110 million expansion at a Glencore Xstrata mine in NSW is being called into question after they fired the contractor hired for the job.
As quoted in the Sydney Morning Herald report:
Barely two weeks after Australia’s top commodities agency said investment in the resources industry had peaked and was set to decline, Glencore fired the contractor it hired to expand a mine near Cobar.