MMG 2Q Zinc Output Up 28%; Bigger Focus Than Copper In WA Mine-Shanghai Metals Market

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MMG 2Q Zinc Output Up 28%; Bigger Focus Than Copper In WA Mine

Industry News 11:14:26AM Jul 26, 2010 Source:SMM

SYDNEY, July 26 -- Zinc output from Chinese-owned Australian miner Minerals & Metals Group, or MMG, rose 28% on the quarter to 178,979 metric tons in concentrate in the fiscal second quarter ended June 30, the company said Monday.

A production drive at MMG's Century mine in northwest Queensland state and a planned ramp-up of its Golden Grove operation in Western Australia helped lift output, and also dragged up production of associated lead in concentrate 50% to 12,851 tons during the period.

Copper production at Golden Grove suffered as a result of the zinc focus, falling 83% on the quarter to 2,039 tons in concentrate, although production at the Sepon mine in Laos stayed steady at 17,063 tons and Sepon gold rose 15% to 29,258 troy ounces, MMG said.

Total ore mined was up 23% on the quarter to 3.17 million tons, with 2.75 million tons milled, MMG said.

In total, the company sold 103,233 tons of payable zinc, 4,558 tons of lead, and 67,888 ounces of silver during the second quarter.

MMG is owned by China Minmetals Corp., one of China's largest state-owned diversified miners.

 

 
 

MMG 2Q Zinc Output Up 28%; Bigger Focus Than Copper In WA Mine

Industry News 11:14:26AM Jul 26, 2010 Source:SMM

SYDNEY, July 26 -- Zinc output from Chinese-owned Australian miner Minerals & Metals Group, or MMG, rose 28% on the quarter to 178,979 metric tons in concentrate in the fiscal second quarter ended June 30, the company said Monday.

A production drive at MMG's Century mine in northwest Queensland state and a planned ramp-up of its Golden Grove operation in Western Australia helped lift output, and also dragged up production of associated lead in concentrate 50% to 12,851 tons during the period.

Copper production at Golden Grove suffered as a result of the zinc focus, falling 83% on the quarter to 2,039 tons in concentrate, although production at the Sepon mine in Laos stayed steady at 17,063 tons and Sepon gold rose 15% to 29,258 troy ounces, MMG said.

Total ore mined was up 23% on the quarter to 3.17 million tons, with 2.75 million tons milled, MMG said.

In total, the company sold 103,233 tons of payable zinc, 4,558 tons of lead, and 67,888 ounces of silver during the second quarter.

MMG is owned by China Minmetals Corp., one of China's largest state-owned diversified miners.