xstrata finds more cash

  1. 934 Posts.
    I wonder what they want the cash for? :;




    NEWS RELEASE




    XSTRATA SELLS MAGNESIUM BUSINESS




    Zug, 3 April 2003



    Xstrata plc (Xstrata) announces that it has sold Xstrata Magnesium Corporation (XMC) to Advanced Magnesium Alloys Corporation for US$1.2 million. The major asset of XMC comprises a magnesium recycling plant located in Anderson, Indiana. The transaction is effective from 1 April 2003.

 
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