$300 million zinc refinery expansion for north QLD
December 21st, 2018
Zinc production is set to increase in Australia with a multi-million-dollar investment to expand a north Queensland refinery.
Korea Zinc Company will spend $300 million on its Australian subsidiary, Sun Metals Corporation, which owns a zinc refinery just outside of Townsville.
The expansion is expected to increase the refinery’s zinc production from around 225,000 tonnes per year to 270,000.
Sun Metals said work would begin immediately and was expected to be complete by the first half of 2021.
Premier Annastacia Palaszczuk recently visited South Korea and met with representatives from Korea Zinc Corporation.
“They told me very clearly how important Townsville was for their global plans and this expansion is part of their global plans,” Ms Palaszczuk said. Read more…