MMG Talking with Zinc Customers as Ship Loading Remains Halted -Shanghai Metals Market

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MMG Talking with Zinc Customers as Ship Loading Remains Halted

Industry News 09:01:47AM Jan 28, 2010 Source:SMM

MELBOURNE, Jan. 28 -- Minerals & Metals Group, the Australian-based unit of China Minmetals Corp., is in talks with customers as ship-loading of zinc concentrate from its Century mine was suspended a fourth day due to a storm.

"The cyclone contingency plan is still in action so there is still no loading," Sally Cox, a spokeswoman for MMG, said today in an e-mailed response to questions. "We're discussing the impact to shipping arrangements directly with customers."

MMG suspended loading of zinc concentrate from Century, the world's second-biggest zinc mine, on Jan. 24 as a storm approached the Karumba port in northern Queensland state. Nyrstar NV, the world's largest smelter of zinc, buys concentrate from the mine, according to MMG.

MMG last month restarted concentrate output at the mine following an 11-week stoppage because of a ruptured pipeline. The mine produced 158,603 tons of zinc concentrate in the September quarter, MMG said Oct. 26. It delivers about 500,000 tons of zinc a year and had reserves of 4.3 million tons as of June 30, 2008, according to the company's Web site.

The company is scheduled tomorrow to report production results for the three months ended Dec. 31.

 

 

MMG Talking with Zinc Customers as Ship Loading Remains Halted

Industry News 09:01:47AM Jan 28, 2010 Source:SMM

MELBOURNE, Jan. 28 -- Minerals & Metals Group, the Australian-based unit of China Minmetals Corp., is in talks with customers as ship-loading of zinc concentrate from its Century mine was suspended a fourth day due to a storm.

"The cyclone contingency plan is still in action so there is still no loading," Sally Cox, a spokeswoman for MMG, said today in an e-mailed response to questions. "We're discussing the impact to shipping arrangements directly with customers."

MMG suspended loading of zinc concentrate from Century, the world's second-biggest zinc mine, on Jan. 24 as a storm approached the Karumba port in northern Queensland state. Nyrstar NV, the world's largest smelter of zinc, buys concentrate from the mine, according to MMG.

MMG last month restarted concentrate output at the mine following an 11-week stoppage because of a ruptured pipeline. The mine produced 158,603 tons of zinc concentrate in the September quarter, MMG said Oct. 26. It delivers about 500,000 tons of zinc a year and had reserves of 4.3 million tons as of June 30, 2008, according to the company's Web site.

The company is scheduled tomorrow to report production results for the three months ended Dec. 31.