Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

ZincOx Resources PLC (ZOX)

  Print      Mail a friend       Annual reports

Tuesday 20 February, 2007

ZincOx Resources PLC

New US Recycling Project

ZincOx Resources PLC
20 February 2007

  New US Recycling project and expansion at Big River Zinc - 20 February 2007

ZincOx Resources plc (ZOX), is pleased to announce the completion of
pre-feasibility studies on an integrated zinc and iron recycling project which
will include a new facility in Ohio and modifying and refurbishing the Big River
Zinc plant near St Louis.

Using a zinc price of US$1,900 per tonne for the next five years and US$1,500
thereafter the Ohio Project and Big River Zinc Project individually have
internal rates of return of 20% and 35%, and have, net present values of
US$60million and US$129million respectively (post tax, pre finance 10% discount

Commenting on the announcement, Andrew Woollett, ZincOx's Chairman said "These
two projects, together with our new Turkish Project, complete the operating
structure for our first fully integrated zinc, lead and iron recycling concept.
This structure will enable us to recycle virtually all the valuable metals found
in electric arc furnace dust (EAFD), a problematic waste material produced when
galvanised steel is recycled. This structure and the proprietary technology
involved represents a blueprint that we intend to repeat elsewhere in the

At the Ohio Project a rotary hearth furnace will be used to treat EAFD to
recover zinc and lead in an oxide concentrate (HZO) and to recover the contained
iron as a Direct Reduced Iron (DRI) product. The DRI will be melted in a small
electric furnace that will produce a very clean slag suitable for construction
purposes and pig iron which will be sold to the steel industry. The plant will
be designed to treat 200,000 tonnes per annum of EAFD for the production of
48,000 tonnes of zinc contained in HZO and about 50,000 tonnes of pig iron. The
HZO will be sent to Big River Zinc for the recovery of the valuable metals. The
Ohio plant will take approximately 18 months to construct at a capital cost of
about US$107million.

In June 2006, ZincOx acquired the Big River Zinc smelter, in Sauget, Illinois
(BRZ). The HZO from both the Ohio Project and from the Aliaga project in Turkey
will be processed at BRZ. The zinc contained in the HZO will be dissolved in
BRZ's refurbished leach plant. The resultant zinc bearing solution will be
purified in a new solvent extraction circuit, prior to conventional zinc
recovery using BRZ's existing electrowinning, melting and casting equipment to
produce zinc ingots. The ZincOx management team used the solvent extraction
process in the design of the flowsheet for the Skorpion zinc oxide deposit in
Namibia, where it now accounts for 150,000 tonnes of zinc metal production per
annum. Big River will be designed to produce 90,000 tonnes of Special High Grade
quality zinc metal per annum. The refurbishment of the Big River plant and
installation of solvent extraction will take approximately 16 months at a cost
of about US$90million.

At Aliaga, in Turkey, (see announcement dated: 12 December 2006) ZincOx is
planning to develop an EAFD processing plant similar to that proposed for the
Ohio project. The capital cost of the Aliaga project is expected to be
US$106million with production commencing in mid 2008.

The development of the plants in Turkey and Ohio and the refurbishment of the
Big River Zinc facility are expected to require total capital expenditures of
about US$303million, including contingencies. The company is investigating
various financing strategies including participation by one of ZincOx's largest
shareholders, Teck Cominco. In December 2006, Teck Cominco, the world's second
largest zinc mining company, increased its interest in ZincOx by 3.5% to 11.5%.
Commenting on the financing, Andrew Woollett said "There are a number of
attractive financing options available to us, including the early sale of the
future Shaimerden deferred payments, and we are optimistic that we will be able
to develop these projects without a major issue of new equity."

For more information please contact:

ZincOx Resources plc
Andrew Woollett                                           +44 (0) 1276 450100
[email protected]

Conduit PR
Leesa Peters/Laurence Read                                +44 (0) 20 7429 660
[email protected]                                       +44 (0) 781 2159885

                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t