zinc shortages emerging

Good news for IBG
www.theaustralian.com.au/business/mmgs-timely-move-into-zinc-mining-in-queensland/story-e6frg8zx-1225994498875
January 26, 2011 12:00AM

As a result of the impending closure of several major zinc mines over the next few years, we believe the development of Dugald River to be very timely,? chief executive Andrew Michelmore said.
MMG?s Century mine in Queensland, Australia?s largest open-pit zinc mine, is scheduled to close around 2015, taking out about 4 per cent a year of the global zinc supply.
Zinc mines in Canada and South America are also scheduled for closure around the same time, meaning more than 1 million tonnes of zinc ? from a global supply of about 12 million tonnes a year ? will be taken out of the market by 2015.
With limited exploration in the zinc sector and limited plans for new supply to enter the market in the next few years, Dugald is scheduled to be the only major new project to come onstream to start meeting the supply shortfall, as demand is expected to increase.