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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (300)6/20/2001 3:41:25 PM
From: craig crawford  Read Replies (1) of 1643
 
Tuesday 19 June 1:04 PM

Pasmincosays Century at 92 pct of capacity
au.dailynews.yahoo.com

MELBOURNE, June 19 (Reuters) - Australia's Pasminco Ltd said on Tuesday its Century zinc and lead mine would reach its peak production rate of a half-million tonnes by the end of the year.
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The statement came amid further deterioration in Pasminco's share price, which plummeted nearly 20 percent or 5.5 cents in early trading on Tuesday to a fresh low of 23 cents. Since June 8, Pasminco's shares have lost 46 percent of their value.
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Pasminco supplies about eight percent of the world's zinc - used mostly in galvanised steelmaking - and four percent of world's lead requirements.
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