NICKEL-COPPER DEVELOPMENT: Xstrata gives nod to Fraser Morgan project

ONTARIO - Hot on the heels of its announced $530-million project at the Raglan mine, Xstrata Nickel has announced plans to spend $119 million to put the Fraser Morgan deposit into production at Sudbury. Development is to begin next year with production expected in 2013.

Xstrata says it plans to develop two zones of the existing Fraser mine to extend the life of that mine by five years until 2025. The development will add another 6,000 tonnes of nickel and 2,000 tonnes of copper to the company's annual output.

See also www.Xstrata.com.