CAPITAL MARKETS

Copper ambitions for zinc miner

AMBITIOUS copper miner Kagara Zinc is moving quickly to cash in on the strong price of the red metal, taking out a four-month option over the $A2 million Thalanga base metal treatment plant in Queensland that could result in it producing 20,000 tonnes per annum of copper from September.

Michael Quinn

Copper ambitions for zinc miner

The zinc miner said total production costs from such an operation (including capital) would be less than $US1 per pound. Copper is currently fetching around $US2/lb. Kagara has identified 3.3 million...

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