Singapore (Platts)--16Jul2008
Australia's Aim Resources has suspended its Perkoa zinc project in
Burkina Faso, West Africa, citing falling zinc prices and the financial and
equity markets' downturn, the company said Thursday.
The miner said it has faced difficulty raising equity for the project due
tightened debt markets and the weak equity environment. Zinc prices have also
fallen well below the price required to provide adequate return on investment
for the project, Aim said.
The Sydney-based company will restart the project when zinc prices are
more favorable and funding options improve.
In the meantime, it will implement a $15 million care and maintenance
program for the project, including assessing the feasibility of silver
extraction and continuing exploration activities in Burkina Faso, Zambia and
South Africa.
--Li Anne Wong, [email protected]
- Forums
- ASX - By Stock
- SDV
- realistic action
realistic action
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDV (ASX) to my watchlist
(20min delay)
|
|||||
Last
59.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $111.9M |
Open | High | Low | Value | Volume |
59.5¢ | 60.0¢ | 59.0¢ | $9.395K | 15.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 36865 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 12114 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 36865 | 0.590 |
1 | 1707 | 0.585 |
1 | 10000 | 0.580 |
1 | 1750 | 0.575 |
1 | 3000 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 12114 | 1 |
0.625 | 5000 | 1 |
0.630 | 31814 | 3 |
0.640 | 52095 | 2 |
0.645 | 25000 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
SDV (ASX) Chart |