Xstrata Nickel

Xstrata Nickel

August 24, 2007 15:03 ET

Xstrata Nickel Joins Forces With Fonds Restor-Action Nunavik

KUUJJUAQ, NUNAVIK REGION, QUEBEC--(Marketwire - Aug. 24, 2007) - Xstrata Nickel is pleased to join forces with the Fonds Restor-Action Nunavik towards the common purpose of the cleanup and restoration of mining exploration sites in Northern Quebec, abandoned by exploration or mining companies no longer in existence.

"This partnership between government, industry and the Inuit communities will help restore the Canadian Artic, a region where we operate our Raglan mine. I would like to commend the leaders of the Inuit community, the Government of Quebec and fellow members of the mining industry for their concrete actions to remediate selected sites" said Ian Pearce, CEO of Xstrata Nickel. "Our company and our employees have a sense of obligation toward the local environment and take great pride in helping to remediate these abandoned mining exploration sites."

Xstrata Nickel will contribute C$250,000 to the Fonds Restor-Action Nunavik through a financial contribution and by providing accommodation, transportation and disposal of dangerous materials.

Xstrata Nickel's Raglan Mine voluntarily undertakes safe and environmentally-sound decontamination activities in the region surrounding its property every summer and is an active participant in the annual Cruise North Arctic Clean-Up Mission during which employees of the company roll up their sleeves and work alongside Inuit and others with a passion for the North as they remove waste materials that threaten to harm the fragile ecosystem.

Notes to editors

Xstrata is a global diversified mining group, listed on the London and Zurich Stock Exchanges, with its headquarters in Zug, Switzerland. Xstrata's businesses maintain a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with recycling facilities, additional exposures to gold, cobalt, lead and silver and a suite of global technology products, many of which are industry leaders. Xstrata Group's operations and projects span 18 countries: Argentina, Australia, Brazil, Canada, Chile, Colombia, the Dominican Republic, Germany, New Caledonia, Norway, Papua New Guinea, Peru, the Philippines, South Africa, Spain, Tanzania, the USA and the UK. Xstrata employs approximately 43,000 people, including contractors.

Xstrata Nickel, headquartered in Toronto, Canada, is one of Xstrata Group's global commodity businesses, comprising five mines and processing facilities in Ontario and Quebec, Canada; a ferronickel mine and processing facility in Bonao, Dominican Republic; and a refinery in Kristiansand, Norway. Xstrata Nickel has a significant portfolio of growth projects, including Nickel Rim South in Canada, Kabanga in Tanzania, and Koniambo in New Caledonia. Xstrata Nickel is the world's fourth largest nickel producer, with annual managed production of more than 110,000 tonnes of refined nickel.

Contact Information

  • Xstrata Nickel
    Dominique Dionne
    Vice-President, Corporate Affairs
    Office (416) 775-1514
    Mobile (514) 294-5898
    Email: ddionne@xstratanickel.ca