"Mega zinc mine set to close in 2015 This story was published: 6 minutes ago December 20, 2013 2:39PM Increase"
"AUSTRALIA'S largest open-cut zinc mine is set close in 2015, affecting hundreds of workers. The Century Zinc mine, near Mount Isa, achieved record mining rates this year, meaning zinc metal reserves will be exhausted one year earlier than anticipated.
The mine has about 900 employees and contractors, including many indigenous drive-in, drive-out workers.
Owner MMG says it will investigate opportunities to convert the remaining minerals to ore reserves, but expects open-pit production to cease in mid-2015."
Doesn't sound like they are about to move down the road to Kamarga so where are the dollars going to come from for Chile. Another year passes with nothing to show but massive losses on RMG. :(
RMG Price at posting:
0.1¢ Sentiment: None Disclosure: Held
