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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (19362)	5/10/2008 1:02:29 PM
From: LoneClone	Read Replies (1) of 192593

FACTBOX-Global zinc mine projects 05.08.08, 4:45 AM ET forbes.com Australia - May 8 (Reuters) - Zinc prices are sharply lower than the all-time highs seen in November 2006, with sentiment dented by global demand worries and a large number of new mine projects set to start up and feed smelters. But some analysts are worried that low prices will delay or scupper some new projects, leaving the market vulnerable to shortages again early next decade. The table below details the major new zinc mines, which have recently come into production or are due on stream in the next few years, as well as some restarts. Company Mine Country Date Capacity ('000 tpy) AIM Resources Perkoa Burkina Faso 2009 82 Angus & Ross Black Angel Greenland 2008 ? Apex Silver San Cris- Bolivia 2007 180 tobal Glencore Tennessee USA 2007 57 Goldcorp (nyse: GG - news - people ) Penasquito Mexico 2009 189 Herald Resources Dairi Indonesia ? 185 Jabiru Metals Jaguar Australia 2007 30 Lundin Aljustrel Portugal 2007 39 Lundin/Metropol Ozernoye Russia 2011/12 300 Milpo Cerro Lindo Peru 2007 60 China Metall- Duddar Pakistan ? 50 urgical Perilya Beltana Australia 2007 25 Redcorp Ventures (other-otc: RDFVF.PK - news - people ) Tulsequah Canada 2009 44 Chief SRA Gordonsville USA 2007 57 Teck Cominco (nyse: TCK - news - people ) Duck Pond Canada 2007 35 Teck Cominco/ Lennard Australia 2007 75 Xstrata (other-otc: XSRAF.PK - news - people ) Shelf* Talvivaara Sotkamo Finland 2008 66 Terramin Angas Australia 2008 32 Terramin Oued Amizour Algeria 2011 250 Union Resources Mehdiabad Iran ? 160 Yukon Zinc Wolverine Canada 2008 53 ZincOx Resources Jabali Yemen 2009 50 * Company considering mine's closure in 2009. Source: Reuters' Metal Production Database. (Compiled by Karen Norton)

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