Thursday, March 13, 2008

Zinc, copper prices help Namibian Business Climate climb to 144 points

(miningnamibia) March 13. Rising prices zinc and copper helped the Namibian Business Climate to reach 144 points in January following three consecutive months of decline.
The IJG Business Climate Index increase by 3.6 points on December' s figure. Apart from metal prices, the index’s gains were based on an increase in new business registrations, a steady rise in the local index of the Namibian Stock Exchange, and a further depreciation in the Namibia dollar against the Euro.
Anglo American's Skorpion Zinc Mine and Exxaro's Rosh Pinah Zinc Corporation are Namibia's Zinc mines. Weatherly International runs the country's only copper mines in the north as well as a smelter.

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