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Glencore Xstrata Suspends Iron Ore Concentrate Production in QLD
Glencore Xstrata Plc, the world's leading mineral resources company has suspended production at its magnetite iron ore mine, which the company started to develop two years ago together with its Ernest Henry copper mine in Queensland (QLD) state, Australia. The operations were hit directly by the sharp fall in iron ore price by 30% on the back of China's slower demand. The magnetite processing operation was expected to produce 1.2 million tonnes per annum. In 2012, the operation produced 500,000 tonnes of magnetite concentrate.
last modified : Thu 25 Jul, 2013 [13:38]
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