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AUSTRALIA'S PASMINCO LTD PRESSURED BY HIGH METALS STOCKPILES.
MELBOURNE, May 1 Asia Pulse - High metals stockpiles with enough reserves to supply world demand for eight weeks are keeping prices low and pressure on embattled zinc miner Pasminco Ltd (ASX:PAS).
Pasminco yesterday reported improved metal production for the March quarter but said it was still no closer to relisting on the stock market.
Once known as the world's largest zinc miner, Pasminco was placed in administration in September 2001, with debts totalling almost A$3 billion (US$1.88 billion).
The company today said while it had undergone a number of steps to rationalise its asset portfolio ahead of a planned float, it did not expect to relist until market conditions were appropriate.
Prices remained weak during the March quarter with world stockpiles remaining high at more than 1.1 million ...
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- News wire article from: AsiaPulse News June 1, 2004 700+ words
...most action in the Australian dollar had occurred before...of the nation's March quarter current account deficit...have knocked the Australian dollar down a bit," Mr...997 billion in the March quarter, from a downwardly...
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- News wire article from: AsiaPulse News April 25, 2007 700+ words
...Asia Pulse - The Australian dollar soared back above...the sidelines, the Australian dollar's movement was...inflation result for the March quarter had not had a lasting impact on the Australian dollar, with investors...
Source: HighBeam Research, AUSTRALIA'S PASMINCO LTD PRESSURED BY HIGH METALS STOCKPILES.