Xstrata creates southern Peru division

Anglo-Swiss resources group Xstrata (LSE: XTA) is creating a southern Peru division in a move designed to promote the company's growth in the country, according to an Xstrata statement.

The company's Tintaya copper mine, along with the Las Bambas and Antapaccay projects in southern Peru, will fall under the new division, to be managed by newly appointed COO José Marún, formerly Tintaya's general manager.

Former technical services manager for Argentina's Minera Alumbrera, Luis Rivera, is taking over for Marún at Tintaya.

Ronald Luethe is to continue as general manager for projects in southern Peru while Domingo Drago is taking over as general manager of corporate affairs at the division.

Xstrata controls the Alumbrera gold-copper mine with a 50% stake. In Peru the company also has control of the Antamina copper-zinc mine together with BHP Billiton (NYSE: BHP), each holding 33.8%.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: November 21, 2007

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