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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (173)	4/15/1999 11:23:00 AM
From: Stephen O	Respond to of 3270

Pasminco Says Cockle Creek Zinc Smelter Shut for Six Weeks Melbourne, April 15 (Bloomberg) -- Pasminco Ltd., the world's largest miner and refiner of zinc, said it halted zinc production at its Cockle Creek smelter after a metal leak. The company will lose between 5,000 metric tons and 6,000 tons of zinc production while the leak is repaired, which should take about six weeks. That loss will be made up once the repairs are complete, the company said. ''Alternative arrangements have been made to ensure customers receive a continuous supply of metal while repairs are completed,'' Pasminco said in a statement. Cockle Creek produced 71,291 metric tons of zinc in 1997- 98. Zinc is used to galvanize steel. Pasminco shares rose 8 cents, or 6.2 percent, to A$1.37 a share. --Vaughan Scully in Melbourne (613) 9228-8701 through the Sydney newsroom (612) 9777-8601 pt