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08 Feb 2010 by Metal-Pages
Xstrata sees recovery after drop in profits

LONDON (Metal-Pages) 08-Feb-10. Swiss-based miner Xstrata is eyeing recovery and will resume paying dividends after reporting a drop in profits last year. Xstrata reported a net [profit of $2.77 billion, down 41% from almost $4.7 billion in 2008, with revenue down 16% year on year to $23.53 billion, The company announced operating EBIDTA of $7.05 billion in 2009, which it said came despite unprecedented ...

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14:45 : Australia's Dart Mining says molybdenum drilling has confirmed the potential for an increase in the size and grade of the JORC-compliant resource at the Unicorn project in Victoria.
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