CAPITAL MARKETS

Pasminco plunges as zinc price falls

INVESTORS have renewed their attack on Pasminco Ltd after the zinc price crashed through the critical US$900 per tonne support barrier, sending the beleaguered zinc producer's stock down by as much as 23.7% this morning.

Greg Tubby

In a release to the Australian Stock Exchange defending its position, Pasminco said it was not aware of any issues that might have prompted the sell-off. "The recent decline in metals prices, and zinc...

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