ZINC The base metal. News and Views. Symbol Zn Message Board

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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn

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To: Harry K who wrote (462)	12/4/2002 10:10:08 AM
From: Stephen O	of 3270

Pasminco to Close U.S. Zinc Mines After Failing to Find Buyer 2002-12-03 17:00 (New York) Melbourne, Dec. 4 (Bloomberg) -- Pasminco Ltd., a zinc miner which appointed administrators last year, said it will close its Clinch Valley and Gordonsville mines in the U.S. after it failed to find a buyer. ``While Gordonsville is scheduled to close in six months, the exact closure date for Clinch Valley will depend on market conditions, raw material supply, mine performance, and capital expenditure requirements,'' Pasminco Chief Executive Greig Gailey said in a statement to the Australian Stock Exchange. Pasminco will continue to operate the Clarksville refinery in Tennessee, it said. --Dudley White in Melbourne (61) 3-9228-8701 through the Sydney newsroom or at dwhite1@bloomberg.net. Editor: Gosman

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