Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (1010)	1/17/2002 3:50:15 PM
From: craig crawford	Respond to of 1643

Pasminco to keep Century Zinc abc.net.au Fri, Jan 18 2002 7:06 AM AEDT Troubled mining company Pasminco has decided not to sell its giant Century Zinc mine in Queensland. In a statement to the Australian Stock Exchange, Pasminco says the offers received did not reflect the mine's retention value. Chief executive Greig Gailey says the mine is a world-class asset generating a positive cash flow. He says there is no benefit to either Pasminco or its creditors to sell it at a heavily discounted price. Pasminco has been in administration since late last year, and is selling its Broken Hill mine, Elura mine and Cockle Creek smelter in New South Wales, along with its United States operations.