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Xstrata Increases Capital Spending Estimate at Frieda River by $300 Million
Dec. 24, 2012 07:24AM PST
Base Metals Investing Reuters reported that Xstrata has increased its cost estimates for its undeveloped Frieda River copper mine in Papua New Guinea to $5.6 billion.
Reuters reported that Xstrata has increased its cost estimates for its undeveloped Frieda River copper mine in Papua New Guinea to $5.6 billion.
As quoted in the market report:
Rising costs have forced many miners to review the spending required on greenfield copper projects as they battle over a limited pool of skilled workers and equipment, particularly in remote locations like Papua New Guinea (PNG).
