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China's Western Mining cuts 2008 lead, zinc output

Tue Jul 29, 2008 9:07pm EDT

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SHANGHAI, July 30 (Reuters) - Western Mining Co (601168.SS), China's second-largest lead miner, said on Wednesday it lowered its lead and zinc production forecast for 2008 after falling zinc concentrate prices cut first-half profits by 16 percent.

China

Western Mining expects to produce 54,300 tonnes of zinc, down from its initially planned 70,000 tonnes, it said. Lead output is expected to be 35,300 tonnes, down from the originally planned 65,000 tonnes.

Manganese production plans have been cut to 10,700 tonnes, from 15,000 tonnes, it said in a statement to the Shanghai Stock Exchange. (Reporting by Rujun Shen; Editing by Lucy Hornby and Edmund Klamann)

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