MINING NEWS: Red Dog posts dramatic turnaroundHigher market prices helps zinc and lead mine post $50M profit in 2003, a significant change from $28M loss in 2002 Patricia Jones Mining News Editor
An increase in sales coupled with significantly higher zinc and lead prices helped the Red Dog Mine in northwest Alaska post a $50 million profit in 2003, turning round from a $28 million loss posted the prior year.
Red Dog’s operator, Teck Cominco Ltd., released its fourth quarter and year-end rep....
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Cost cutting continues Capital spending planned
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