(EnergyAsia, June 7 2010, Friday) — Swiss mining group Xstrata said it has immediately suspended A$586 million of expenditure to develop a thermal coal mine and extend a copper mine in Australia in response to the government’s proposal to impose a 40% super tax on mining profits from 2012. The company said it was no…
AUSTRALIA: Xstrata suspends A$586 million investment to develop thermal coal and copper projects
Posted on June 6, 2010 by EnergyAsia