Oz Minerals says partial zinc mine closure an option

Published: 28 Apr 2009 20:18:36 PST

SYDNEY, Oct 21 - Oz Minerals Ltd <OZL.AX> said on Tuesday a partial shut down of its Century zinc mine in Australia, the world's second largest, was one option being assessed as world zinc prices weaken.

"It's not just all or nothing, this is one of the things we also will be looking at, do we slow this down," Managing Director Andrew Michelmore told Reuters on Tuesday.

Costs at the mine were running at around $0.69 a pound versus selling prices of around $1,245 a tonne, or $0.56 a pound, on the London Metal Exchange <MZN3>, Michelmore said.