Zinifex says expects lower earnings in H2

SYDNEY | Mon May 12, 2008 8:12pm EDT

SYDNEY May 13 (Reuters) - Zinc miner Zinifex Ltd ZFX.AX said on Tuesday it expects lower earnings in the second half as lower zinc prices and higher treatment and other costs more than offset higher zinc and lead sales.

Cost pressures included higher energy and labour costs, while the company was also spending more on exploration, it said in a slide presentation released to the Australian stock exchange. (Reporting by Richard Pullin)

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