What the press is saying about petrol, LPG, diesel, crude oil, biofuel etc.

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Xstrata Suspends A$ 586 million of Expenditure.

03-06-2010 Other. Xstrata, which last month halted some copper exploration in Queensland, said it was now also immediately suspending A$586 million of expenditure to develop both the A$6 billion Wandoan thermal coal project and a A$600 million project, to extend the life of the Ernest Henry copper mine.
The company says the two projects would have created 3,250 new jobs which have now been put at risk.

The difference between this announcement and the Fortescue suspended iron ore projects is that Xstrata projects are projects where spending had already been approved. News Article

 

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