HOTLINE: Down-on-its-luck Australian prospector opts for gold-zinc switch

Mungana Goldmines, a precious metals prospector listed in Australia, is focusing its attention on the zinc market in the hope of cashing in on the looming mine-supply deficit.

Mungana is majority-owned by Kagara Mining, a fellow Australia-based junior miner, which collapsed in 2011 after failing to plug a hole in its finances. After talks with one potential buyer broke down in July last year, the administrators gave up on the search for a buyer for Kagara’s assets, citing low commodity prices and poor market sentiment,...

Published

Mark Burton

June 26, 2014

10:01 GMT

London