Zinifex on prowl for zinc, copper acquisitions

Nov 27, 2007 | 08:46 AM | Meghann McDonell

Sitting on a cash pile of Australian $2.2 billion ($1.9 billion), Melbourne, Australia-based Zinifex Ltd. is eyeing growth via zinc and copper acquisitions, Peter Mansell, chairman, told shareholders at the company's annual general meeting Monday.

The company logged a record annual profit of A$1.3 billion ($1.14 billion) following the merger of its smelting assets with Umicore SA, Brussels, Belgium, in September and the subsequent sale of 87 percent of its Nyrstar unit in an initial public offering in late October.....

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