MMG Reports Final Zinc Concentrate Shipment from Century

MMG Ltd. (HKEX:1208) announced that last week the final shipment of zinc concentrate was sent from its Australia-based Century mine. The mine was the country’s largest open-cut zinc mine before mining stopped there this past summer.
As quoted in the press release:

The final parcel of zinc concentrate was loaded onto an awaiting ship by Century’s transfer vessel, the MV Wunma, on Monday 7 December with the shipment now in transit to customers in Asia.
This milestone follows the completion of mining from the Century open-pit in August and processing of approximately 700,000 tonnes of Century ore stockpiled during the final months of mining.

Marcelo Bastos, chief operating officer at MMG, commented:

More than 13 million tonnes of zinc concentrate has been transported through the Port, which averages about one full export ship per week departing Gulf waters for smelters in Australia, Asia and Europe.
Century zinc concentrates have been highly valued by smelters due to their low iron content, which minimised costs associated with re-treatment and disposal of iron-containing by-products.

Click here to read the full MMG Ltd. (HKEX:1208) press release.