Xstrata Faces Strike and Credit Crunch

Geordie — Sat, 04 Oct 2008 05:48:56 +0000

Bad month for Xstrata, one of the worlds biggest mining groups.

First, CAW Local 599 goes on strike in Timmins, Ontario at the Copper Kidd Metallurgical mine.

Then it's pitch to take over Lonmin, an Anglo-African platinum mine company , fails because of the Credit Crisis.

Xstrata took over Canadian mining company Falconbridge in 2006.

The Dominion - credit