Miner Xstrata hopeful for S.Pacific nickel project

 AFP.com reports that XStrata (LON:XTA) is set to launch its’ nickel project in 2012 in New Caledonia.

The story is quoted as saying:

New Caledonia is home to vast quantities of nickel, an essential ingredient in making stainless steel, and the project is seen as part of a process of giving greater economic control to the indigenous people.

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