Carbon tax could bankrupt Australian lead and zinc

- November 17th, 2008

Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them. Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 … Continued

Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them.

Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 million. Accordingly, the Company believes that it remains in a strong position to further continue its planned exploration, development and permitting activities of the Prairie Creek Mine.

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