
Xstrata dumps Thiess as Collinvsille Coal Mine manager ...
SWISS mining giant Xstrata will take control of Collinsville Coal Mine away from Thiess as it fights to have the project turn a profit. In a statement from Xstrata, Collinsville Mine - northwest of the Central Queensland coastline - is described as having "suffered substantial financial losses" although these are blamed on lower coal prices, the high Australian dollar and high operation costs.