Chinese controlled Perilya has turned its iconic Broken Hill lead and zinc mine cash-positive after a long period of losses and depressed metal prices had threatened to shut down the operations. Managing Director Paul Arndt stated: We are confident we can continue our improved cost performance through the balance of the financial year. For full [...]
Ailing lead miner Perilya Ltd has asked the Takeovers Panel to intervene in CBH Resources Ltd’s $28.9 million bid and confirmed it is being eyed by rival suitors. For full story, click here
By Daniella D’Alimonte – Exclusive to Lead Investing News After slipping through the summer, lead made a slight recovery over the last week. After reaching a low of US$0.75 per pound August 14, it is now back up to nearly US$0.88 per pound. With the harsh blows being meted out to metal exploration and mining companies in the [...]
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