ZFX zinifex limited

smelter sell off

  1. 4,420 Posts.
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    I am speaking as a patriot here, forgetting my zfx holding. I think the spinning off of the smelter assets to an offshore Belgium based foreign company stinks. Surely it must be in the purview of the foreign investment review board. Remember, zfx plan to sell every bit of their share in Nyrstar. So from then on, all the metal smelted at Pt Pirie and Hobart will be profit for an offshore company, and Australia will have moved a step away from benefiting from its own raw materials. Exactly the wrong direction for this country. The tax on profits will go to Belgium. OK the Royalties and the jobs stay here, but frankly, this sucks.
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