Business: Lomas Bayas advances US$293mn project to extend mine life to 2020

Business News Americas Ltda.
Latin America's Business Information Leader

News - Tuesday, April 6, 2010

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* Lomas Bayas advances US$293mn project to extend mine life to 2020 - Chile

Anglo-Swiss miner Xstrata (LSE: XTA) is advancing a US$293mn expansion project at its Lomas Bayas copper mine in northern Chile's region II and is currently at the engineering works stage, a company spokesperson told BNamericas.

The project aims to extend the mine life by eight years until 2020. Works at the site started in mid-January and the project is expected to create close to 700 new jobs during construction.

The expansion at Lomas Bayas, which was approved by the company's board in Octo ... more
http://www.bnamericas.com/news/mining/Lomas_Bayas_advances_US*293mn_project_to_extend_mine_life_to_2020/181390644

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In-deph interview
* Kerry SmithAnalyst - Haywood Securities<p><em>The impact of the global crisis on the mining industry seems to have dissipated. With gold back over US$1,100/oz after a recent lull and copper soaring to levels not seen since 2008, the outloo... more

http://www.bnamericas.com/interviews/mining/Kerry_Smith_,Haywood_Securities,/181390644

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