Glencore to restart Lady Loretta zinc, lead mine in H1 2018 [UPDATED]

Glencore will add 100,000 tonnes of zinc to the 2018 market when it restarts its mothballed Lady Loretta mine in the first half of next year, it said on Tuesday December 12, bringing material back after a two-year pause.

Part of the Mount Isa complex in Australia, the 160,000-tonnes-per-year capacity Lady Loretta is expected to add 100,000 tonnes in 2018 while  “the extra 60,000 will come in later years,” chief executive officer Ivan Glasenberg said in an investor earnings call.

“We believe this is what the market needs and shouldn’t have a negative effect on the pricing,” he said.

Published

Archie Hunter

December 12, 2017

15:11 GMT

London