Acadian likely to halt lead-zinc mining

email Email  Print Print   Reproduction
Mon, Oct 27, 2008
Zinc Company News
Post by Melissa Pistilli, Zinc Senior Reporter

Declining base-metal prices are vompelling a Nova Scotia mining company to stop the operations if the province’s only lead-zinc mine near Shu­benacadie.

Terry Coughlan, Acadian Mining vice-president, said:

If prices get to the point where we can’t make money, we may have to shut it down.In the past three to four weeks prices dropped by at least 30 per cent to 49 cents a pound for zinc, which peaked at $2 a pound in late 2006.We’re in a commodity that’s getting beat up in the market.

For full story, click here

For company’s website, click here

All content Copright 2011 Dig Media Inc. Disclaimer

Please see the comment policy for information on comment moderation.

Get our exclusive independent commentary on zinc trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »

Simply fill in your name and email to make better investment decisions.

Privacy Policy - Close this banner

x
Please enter a valid email.

Information