Xstrata is considering abandoning its Mount Isa project in north-west Queensland, Australia, because of the super profits tax proposed by the government.
The operations include two underground copper mines with an ore capacity of 6.5 million tons a year, a concentrator with a capacity of seven million tones a year and a copper smelter.
Go deeper with GlobalData
Xstrata has already shelved a A$400m ($342m) investment at the Ernest Henry copper mine in Queensland, blaming uncertainty over the tax.
Xstrata maintains the new tax will reduce return in its projects, according to theaustralian.com.au.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
