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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zincox Res. | LSE:ZOX | London | Ordinary Share | GB0031124638 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMZOX
RNS Number : 6453Q
ZincOx Resources PLC
16 April 2009
16 April 2009
ZincOx Resources Plc
("ZincOx" or "the Company")
Korean Long Term Supply Agreements signed
ZincOx Resources Plc, which specialises in the recovery of zinc and zinc
products from unconventional sources, announces today that its wholly owned
subsidiary ZincOx Resources (Korea) Ltd has signed feed agreements with the nine
largest electric arc furnace operators in Korea ("the Furnace Operators") for
the supply of zinc bearing waste dust - electric arc furnace dust ("EAFD").
Andrew Woollett, Executive Chairman of ZincOx, said "We have been working in
Korea for a number of years and these agreements now enable us to begin detailed
plans for the development of an electric arc furnace dust recycling facility in
the country. We are greatly indebted to the Korea Iron and Steel Association
(KOSA) for their assistance in negotiating these agreements. This project,
together with our advanced recycling plans in North America, will accelerate
ZincOx into a significant recycler of EAFD".
Under the agreements, the Furnace Operators have committed to supplying their
EAFD exclusively to ZincOx for a minimum period of ten years from the
commissioning of the plant. ZincOx plans to acquire a suitable site, carry out
environmental permitting, optimise process design by testwork and complete a
detailed feasibility and engineering study with the intention of commencing
plant development before February 2011.
The Furnace Operators comprise the following steel companies: Hyundai Steel,
Dongkuk Steel, Daehan Steel, YK Steel, Korean Iron and Steel Company, Posco
Specialty Steel, SeAH Besteel, Hwanyoung Steel and Dongbu Steel. Together these
companies produced over 350,000 tonnes of EAFD in 2008, having a zinc grade of
about 22%.
For more information please contact:
Andrew Woollett, ZincOx Resources plc
Tel: +44 (0) 1276 450100
awoollett@zincox.com
John Harrison (Nominated Adviser), Numis Securities
James Black (Corporate Broker), Numis Securities
Tel: +44 (0) 20 7260 1000
Leesa Peters /Charlie Geller, Conduit PR
Tel (Direct): +44 (0) 20 7429
6600
Tel (Mobile): +44 (0) 781 215 9885
This information is provided by RNS
The company news service from the London Stock Exchange
END
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