Teck-Cominco (TCK.A-T, TCK-N) and Xstrata (XTA-L) are closing the Lennard Shelf Pillara zinc-lead mine in Western Australia, which they own jointly on a 50-50 basis. The mine, which employs 300 people, will close in early August. Reasons for the closure include a sharp drop in the prices of zinc and lead, the strengthening of the Australian dollar, high energy and labour costs, and production volumes that were lower than planned.
The mine reopened in early 2007 with an anticipated life of 3-4 years. In 2007 the mine produced 42,100 tonnes zinc and 12,400 tonnes lead.
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