Carbon tax could bankrupt Australian lead and zinc
Mon, Nov 17, 2008
Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them.
Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 million. Accordingly, the Company believes that it remains in a strong position to further continue its planned exploration, development and permitting activities of the Prairie Creek Mine.
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Tags: australia states, carbon emissions, carbon price, carbon tax, China, commodities, commodity prices, Copper, environmental standards, exploration, explorers, futures, Lead, Lundin, milling, mineralization, miners, mining, power increases, refinery, s, smelters, sun metals, zinc
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November 17th, 2008 at 11:23 am
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