EXPLORATION & DEVELOPMENT

Outokumpu signals zinc expansion plans

FINNISH metals and technology group, Outokumpu Oy, has announced its intention to acquire Norwegian zinc smelting and refining company, Norzink AS, from Rio Tinto and Boliden for $US180 million. Rio Tinto and Boliden each own 50% of Norzink.

MiningNews.Net

Outokumpu said it would pay a further $US10 million over four years if zinc prices averaged more than $US1185 a tonne. Settlement of the deal is expected to take place by the end of 2000. It is conditional...

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