Xstrata Copper has confirmed that it is considering the sale of part or all of its 81.82% share of the Frieda River copper-gold project on the border between Sandaun and East Sepik Provinces in Papua New Guinea.
“We are continually evaluating our industry-leading portfolio of development projects and assessing the best way to advance these projects, maximise their value to Xstrata and ensure the best outcome for all stakeholders,” said an Xstrata spokeswoman. ‘As part of this process, we are assessing the interest of other investors in the Frieda River project.’
The project is currently at pre-feasibility stage.
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