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EXS Exco Res Fpo

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Share Name	Share Symbol	Market	Type
Exco Res Fpo	ASX:EXS	Australian Stock Exchange	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0.00	-

Xstrata To Buy 2 Australian Copper Tenements From Exco Resources

20/04/2011 4:37am

Dow Jones News

Exco Resources (ASX:EXS)
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Xstrata PLC (XTA.LN) said Wednesday it agreed a A$175 million deal to buy two copper tenements in Queensland state from Exco Resources Ltd. (EXS.AU), in a move to expand output at its Ernest Henry Mining hub.

Xstrata said acquiring the E1 and Monakoff copper tenements in the northwestern area of Queensland will "make an incremental contribution to Ernest Henry's production profile from the second half of 2012".

The E1 and Monakoff deposits have a combined resource of 401,000 metric tons of copper and 384,000 ounces of gold, Xstrata said.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com