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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 | 01:00:00 |
From Jul 2019 to Jul 2024
Diversified miner Xstrata Plc (XTA.LN) has decided to move forward with its Frieda River 160,000-metric-ton copper project in Papua New Guinea, joint venture partner Highlands Pacific Ltd. (HIG.AU) said Tuesday.
The US$2.57 billion project is moving to the pre-feasibility stage, which should take about 18 months, Highlands Pacific said in a statement.
Construction is planned to start in 2012, and output in 2016.
News of the project moving forward marks a rare positive point in a metals market under pressure from huge price falls last year, resulting in several projects and mines across the base metals spectrum going on the backburner or closing down.
The mine will also produce 240,000 troy ounces of gold.
-By Elisabeth Behrmann, Dow Jones Newswires;
61-2-8272-4689 elisabeth.behrmann@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
1 Year Highlands Pacific Chart |
1 Month Highlands Pacific Chart |
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