Minmetals spends $26mil on Tassie mine

Posted on 31/07/2009  

Minerals and Metals Group (MMG), the Australian subsidiary of Chinese company Minmetals, will spend $26 million to extend the life of the Rosebery zinc mine in Tasmania for another 10-11 years. MMG bought several Oz Minerals mines – including Rosebery and the mothballed Avebury nickel mine at nearby Zeehan – for $1.6 billion in June.

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