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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Highlands Fpo 40T | ASX:HIG | 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% | 0.105 | 0.105 | 0.11 | 0.00 | 00:00:00 |
From Nov 2019 to Nov 2024
By Robb M. Stewart
MELBOURNE--Xstrata PLC (XTA.LN) is reviewing a number of projects in its portfolio, including its majority-owned Frieda River copper project in Papua New Guinea, Frieda River partner Highlands Pacific Ltd. (HIG.AU) said Thursday.
The ASX-listed company in a statement said Xstrata has confirmed it is committed to completing a feasibility study for Frieda River by December.
"Recently Xstrata Copper has advised that it has commenced a market evaluation of a number of the projects in its portfolio, including Frieda River," Highlands said.
Xstrata is the manager and 82% owner of the Frieda River project, with Highlands holding the remainder. A prefeasibility study in 2010 indicated the project could support a mine producing 246,000 metric tons of copper and 379,000 ounces of gold a year for the first eight years.
A spokeswoman for Xstrata's copper division in Australia wasn't immediately available for comment.
Write to Robb M. Stewart at robb.stewart@wsj.com
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