Beverly Hills 12/15/2009 3:56:02 AM
News / Business

Peru Pallca Zinc Mine Owned by Mitsui Reactivated

Finance World News Update by EQUITIES Magazine

Japan’s top zinc producer, Mitsui Mining & Smelting Co. has reactivated its Pallca mine in Peru due to rising demand boosting metal prices.

 

Mine output at Pallca, which has annual capacity of 15,000 to 16,000 metric tons of zinc in concentrate, was suspended in December 2008.

 

International government stimulus spending has doubled zinc prices as demand increases for the industrial metal used to galvanize steel and in die-casting.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

Sign up for a free one-year subscription to EQUITIES Magazine