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zinc ipo 11 times oversubscribed

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    From Miningnews

    Russians think zinc

    (Friday, 10 November 2006)

    A HEADY week. Gold has climbed above $US625 an ounce (albeit on the back of a weaker dollar) and zinc has continued its record-breaking run (the price has doubled this year). With regard to the latter, Russia's Chelyabinsk zinc plant couldn't have chosen a better time for its initial public offering. The IPO in London and Moscow was 11 times subscribed, and raised $US336 million (valuing the zinc producer at $US850 million)

    d.
 
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