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$300 million zinc refinery expansion for north QLD

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.

“As an organisation we’ve been working on this very hard for the last 18 months,” Sun Metals’ executive director Kathy Danaher said.

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…

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