• Most Popular
  • Most Shared

Magellan ships last stockpiled Australia lead

Tue May 5, 2009 3:27am EDT

Stocks

   

SYDNEY, May 5 (Reuters) - The last of a stockpile of lead concentrate at Australia's Esperance port has been shipped to a buyer in China, Magellan Metals said on Tuesday.

Magellan, owned by Canada's Ivernia (IVW.TO), said the shipment is destined for the port at Fangcheng in southern China and contains the last of the 8,000 dry metric tonnes that had been stockpiled at the port.

The lead had been stored for more than two years after environmental regulators stopped shipments over health concerns following a rash of bird deaths in Esperance. (Reporting by James Regan)



More from Reuters

Photo

U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

» More Top News
An Iranian woman supporting former prime Mmnister Mirhossein Mousavi, who is a candidate for the upcoming presidential elections, covers her face with his picture during a pre-election gathering at a stadium in Tehran June 9, 2009. REUTERS/Damir Sagolj

A nation on the brink?

Nukes may not be the only ticking clock in Iran. The reformist movement is swelling and "it is going to get very violent."  Full Article 

Iran
A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song
WEI GU:

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video 

CHINA