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Article: Xstrata temporarily suspends mining in DomRep
- Article from:
- AP Worldstream
- Article date:
- August 19, 2008
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Anglo-Swiss mining company Xstrata PLC said Tuesday it will suspend operations in the Dominican Republic for four months because of high oil costs and a drop in nickel prices.
Xstrata PLC said the break will allow the company to switch its power source from oil to coal, develop an energy-conversion project and explore new land for mining. No one will be laid off, spokesman Luis Rosado said.
About 90 percent of the 1,800 employees at local subsidiary Falconbridge Dominicana CxA will repair ...