Posted in | News | Non-Ferrous Alloys and Metals | Precious Metal

Noranda Postpone Development of Zinc Deposit

Dec 17 2002

Related Stories

It was announced today that Noranda will postpone plans to development of the Perseverance Zinc deposit located near Matagami, Quebec, Canada.

Noranda have sighted depressed zinc prices and their current finacial situation as reasons for the decision.

The deposit is composed of three zones discovered in 2000. It contains 5.1 million tonnes grading 15.82% zinc, 1.24% copper, 29.4g/tonne silver and 0.38g/tonne of gold.

With market analyses indicating that zinc will probably remain in oversupply for the next few years, Noranda do not expect to develop the deposit until 2005-2006. However, they will continue to assess its potential for profitable development every quarter.

For more information on zinc, click here.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback