Xstrata to spend $246 mln to expand Australia zinc

Reuters.com reports that Xstrata (LON:XTA) wants to boost output at it’s George Fisher mine by 30% by 2013, so intends to invest $246 mln.

The story is quoted as saying:

“George Fisher Mine contains one of the largest zinc reserves in the world and the expansion project enables us to further tap its significant resource potential,” said Brian Hearne, chief operating officer of Xstrata’s Australian zinc division

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