Xstrata PLC (XTA.LN) said Wednesday it agreed a A$175 million deal to buy two copper tenements in Queensland state from Exco Resources Ltd. (EXS.AU), in a move to expand output at its Ernest Henry Mining hub.

Xstrata said acquiring the E1 and Monakoff copper tenements in the northwestern area of Queensland will "make an incremental contribution to Ernest Henry's production profile from the second half of 2012".

The E1 and Monakoff deposits have a combined resource of 401,000 metric tons of copper and 384,000 ounces of gold, Xstrata said.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com
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