KZL 0.00% 12.0¢ kagara ltd

zinc prices seen rising

  1. 708 Posts.
    Kagara Zinc (KZL) hit an all time high today of 64c.

    This story is from

    Tara in good shape as zinc seen rising: Outokumpu
    13 January 2003

    THE Tara zinc mine in Ireland is expected to be close to full production of 250,000 tonnes of zinc in concentrate from next year, according to the mine's owner, Outokumpu.

    The managing director of Tara Mines, Erro Laatio, said over the weekend that production was in target to hit 200,000t of zinc in 2003, rising to 240,000t in 2004, and then up to the peak output level of 250,000t in 2005.

    The mine, which is located about 40km north of Dublin, was mothballed for a year because of low world zinc prices and industrial disruptions. At one stage it had been expected to remain closed.

    Outokumpu, which had been trying to sell Tara, now says it is confident the mine is in good shape and that zinc prices are rising.

    Laatio told Reuters that it was likely the price of zinc would rise from its current level of US$785 a tonne to US$1000 a tonne within the next two years.

watchlist Created with Sketch. Add KZL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.