New Century zinc put in pipe on way to port

BUDDING zinc producer New Century Resources has begun pumping concentrate through its pipeline from the Century operation to its Karumba port facility, with expectations of the first revenue later this month.

New Century zinc put in pipe on way to port New Century zinc put in pipe on way to port New Century zinc put in pipe on way to port New Century zinc put in pipe on way to port New Century zinc put in pipe on way to port

The pipeline is 304km long, and is part of the key infrastructure acquired by New Century when it did its innovative deal with previous Century owner MMG.

At full speed, New Century's tailings reprocessing venture is set to produce 264,000 tonnes of zinc in 500,000t of concentrate at C3 costs of about US$1100 per tonne.

Shares in New Century were up nearly 4% to A$1.03 in early trade capitalising the company at $517 million.

The stock has fallen about 30% over the past couple of months, with the selling coming in line with the general trade war-induced sell down of base metals and associated equities over that same period.

There have also been some specific concerns of late about the prospects for zinc, with Credit Suisse for example, saying late last ...

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