I was a bit surprised that Lady Loretta mentioned as "still got to get rid of" , i would of thought Leichhardt copper fitted that description better. I think maybe Mr Zaldumbide would be the only buyer of LL.
Mr Santiago Zaldumbide - Executive Director Xstrata plc, Chief Executive Xstrata Zinc
LME Week, October 2010
Our mine project pipeline consolidates our industry-leading position.
Xstrata Zinc has a pipeline of mine projects to support future growth. Projects have the potential to sustain and grow Xstrata Zinc's mine production of over 1Mt per year of zinc Organic growth will further transform the portfolio and reduce unit costs. 3 mine projects have been approved this year and are in construction.
Another 5 projects are under study.
No 2 - Lady Loretta
Lady Loretta (75%)
13.6Mt resource @ 17% Zn, 6% Pb
Indicative capex $460m
Investigating processing options at Mt Isa
http://www.xstrata.com/cotent/assets/pdf/xz_speech_201010131_lme.en.pdf
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I was a bit surprised that Lady Loretta mentioned as "still got...
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