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AUSTRALIA'S ZINIFEX TO RAISE US$809.86 MLN IN IPO.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, March 1 Asia Pulse - An initial public offer for Zinifex Ltd will raise A$1.05 billion (US$809.86 million) to A$1.35 billion (US$1.04 billion), with 500 million shares offered.

The institutional offer indicative price range for Zinifex is A$2.10 to A$2.70 per share.

The retail application price is A$2.60 per share.

The retail offer opens on March 9 and closes on March 30 while the global institutional bookbuild opens on March 31 and closes on April 2.

Zinifex Chief Executive Officer Greig Gailey said Zinifex will be one of the world's largest zinc mining and smelting companies.

Its asset portfolio consists of world-class, low cost integrated zinc and lead producing assets including the Century mine in Queensland, the Rosebery mine in Tasmania and the smelters at Port Pirie in South Australia, Hobart in Tasmania, Budel in the Netherlands and Clarksville in the US.

"Given these assets are mainly in Australia, we are well located to supply the world's largest and fastest growing regional market in Asia Pacific, including China," he said.

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Source: HighBeam Research, AUSTRALIA'S ZINIFEX TO RAISE US$809.86 MLN IN IPO.

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