MMG to Produce Less Zinc as $1.4 Billion Dugald Mine Delayed
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MMG Ltd., the listed unit of China’s biggest state-owned metals trader, expects to produce less zinc through 2018 as a new $1.4 billion mine is delayed and an existing deposit closes.
Dugald River in Queensland, Australia, will start production in the first half of 2018 with output of about 160,000 metric tons a year, Andrew Michelmore, chief executive officer of Melbourne-based MMG, said Wednesday.