Owned by New Century Resources, the mine in Queensland, Australia, has up to 2.6 million tonnes of zinc reserves. It was the third-largest zinc mine in the world prior to its closure, accounting for roughly 4% of total global supply at its peak.
New Century Resources is conducting a restart feasibility study, based on the reprocessing of tailings at the site, the company said. It did not publish a production schedule.
Market participants have kept a close eye on whether a restart at Century, closed by former owner MMG two years ago, would reverse the current zinc supply deficit.
While views on estimated output from the mine differ, it is expected to be considerable given the size of reserves there. Production at Century is set to resume by next June at the earliest; it could provide 1.5 million tonnes of zinc concentrates over the following three years, a major zinc producer told Metal...