Zinc and lead companies underwater
Lead Investing News reports lead miners are earning little profits as the global economic is on a slowdown. Due to zinc and lead’s low prices many miners are underwater and therefore rethinking business strategies. OZ minerals may have no choice but to keep its loss generating Century Mine in operation because shut down costs would … Continued
Lead Investing News reports lead miners are earning little profits as the global economic is on a slowdown.
Due to zinc and lead’s low prices many miners are underwater and therefore rethinking business strategies. OZ minerals may have no choice but to keep its loss generating Century Mine in operation because shut down costs would be too high. The world’s second largest zinc mine yielded 129,241 tonnes of contained zinc and 17,846 tonnes of lead in the last quarter. Oz Minerals has not ruled out suspending all or some production at the giant deposit in eastern Australia, but it is considering cutting staff and other costs before making a decision.
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