Australia's New Century Resources qtly zinc output jumps 50 pct
(Adds details on mining rate guidance, background)
April 11 (Reuters) - Australia's New Century Resources Ltd
said on Thursday that quarterly zinc production rose 50
percent over the previous quarter following the ramp up of its
processing plant performance.
The company churned out 18,170 tonnes of zinc metal in the
March quarter, compared with 12,080 tonnes produced in December
quarter, it said in a statement to the Australian Stock
New Century is processing the tailings, or left over
residue, from previously mined ore at the Century mine, once the
world's largest zinc mine.
The company said the quality of zinc concentrate produced
improved over the period, with lead impurity content dropping 25
percent from the December quarter.
The impact of Australia's wet season and marginally lower
grade zones led to an 8 percent fall in overall zinc metal mined
to 1.39 million tonnes at 2.92 percent zinc, but the increase in
total metal mined reflected the plant's improved metallurgical
The company said it is targeting a mining rate consistently
over 8 million tonnes per annum (mtpa) during the June quarter,
and a ramp up to 15 mtpa by the end of calendar year 2019.
(Reporting by Aditya Soni in Bengaluru; editing by Richard
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