those related to article may be compromised due to out of date information . please update this article to reflect recent events or newly available information . january 2009 zinifex limited former type public asx zfx industry materials defunct defunct in 2008 to merge with oxiana limited headquarters melbourne australia australia area served some areas in australia products zinc lead silver revenue a 3 062 700 000 2006 operating income a 1 184 900 000 2006 net income a 1 079 900 000 2006 website www.zinifex.com.au zinifex was an australian company which operated two zinc and lead mines three zinc refineries and a lead smelter . it was a subsequent owner of operations earlier operated by the electrolytic zinc company . it was created following the insolvency of pasminco in 2002 taking on pasminco operations . in 2008 it merged with oxiana limited to form oz minerals . history edit zinifex was the refloated company of the failed zinc miner pasminco . pasminco called in administrators in september 2001 1 and was declared bankrupt after it made unfavourable hedge positions that contributed to the company s insolvency . 2 as part of the insolvency process the company was refloated with new management as zinifex . since floating on the asx it has been extremely successful mainly due to the company keeping no hedges in place and benefiting from the massive rise in the zinc price . the share price has risen from 1.80 in april 2004 to over 18 in december 2006 . 3 on 1 july 2008 zinifex merged with oxiana . soon after the merged entity took the name oz minerals . 4 operations edit above ground workings at the rosebery mine in rosebery tasmania zinifex limited was engaged in minerals exploration production and smelting to produce zinc and lead concentrates and zinc lead and silver metals together with various alloys and byproducts and the marketing of these products . the segments of the company include century mine in north western queensland a large open cut zinc lead and silver mine operating on a mining lease that it has secured for at least the life of the mine ; rosebery mine a medium sized underground zinc lead silver gold and copper mine located on the west coast of tasmania in australia ; port pirie smelter a primary lead smelting facility ; australian refined alloys an acid battery and lead recycling business owned 50 % by zinifex ; budel smelter an electrolytic smelter and clarksville smelter a modern smelter to access a large portion of the united states zinc market . zinifex operates in australia europe and the united states of america . in december 2006 zinifex announced it would merge its smelting operations with those of umicore 5 with the intent of eventually floating the new company nyrstar . this would leave zinifex as purely a mining company . 6 7 8 nyrstar was floated in october 2007 with the initial public offering being valued at a 3.6 billion . 9 in early 2007 a number of incidents affected zinifex the port pirie smelter had a steam explosion in february 10 and an explosion when moisture contacted molten copper in march . 11 it also had a loading barge used to export ore from the century mine damaged in a cyclone . 12 the zinc works at lutana is the largest exporter in tasmania generating 2.5 % of the state s gdp . it produces over 250 000 tonnes of zinc per year . 13 references edit welcome to pasminco history . pasminco . 2007 . retrieved 27 july 2009 . how poor choices savaged pasminco . sydney morning herald . 13 july 2002 . retrieved 27 july 2009 . zinifex limited historical prices . yahoo 7 finance . retrieved 2 december 2006 . zinifex oxiana merge into oz minerals . sydney morning herald . 16 june 2008 . retrieved 27 july 2009 . zinifex to merge smelting operations with umicore . abc news . 12 december 2006 . retrieved 27 july 2009 . zinifex and umicore seek to create the world s leading producer of zinc metal nyrstar . zinifex limited . asx . 12 december 2006 . archived from the original on 25 march 2007 . retrieved 12 december 2006 . zinifex umicore to combine zinc assets as nyrstar on the 1st september 2007 . the age . melbourne . 9 january 2007 . port pirie smelter changes from zinifex to nyrstar . abc news . 31 august 2007 . retrieved 18 september 2010 . zinifex umicore unveil nyrstar float . the age . melbourne . 15 october 2007 . retrieved 27 july 2009 . ali moore 6 february 2007 . zinifex explosion forces lead smelter shutdown . australian broadcasting corporation . retrieved 11 march 2007 . work resumes at zinifex smelter . australian broadcasting corporation . 9 march 2007 . retrieved 11 march 2007 . zinifex sees no cost from damaged ship . the sydney morning herald . 14 february 2007 . retrieved 11 march 2007 . the zinc works . tchange . retrieved 11 july 2009 . v t e business in australia institutions australian competition and consumer commission australian corporate law australian prudential regulation authority australian securities and investments commission australian takeovers panel constitution of australia 1901 cth corporations power economy of australia stock exchange australian securities exchange s & p asx 20 s & p asx 50 s & p asx 200 s & p asx 300 chi x business associations australian chamber of commerce and industry australian hotels association australian industry group business council of australia consult australia minerals council of australia national farmers federation s & p asx 50 companies alpha sorted agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie group medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek limited sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity centres wesfarmers westfield westpac woodside petroleum woolworths other notable companies adelaide bank akubra alumina australian radio network axa asia pacific bendigo bank bluescope steel bunnings caltex camperdown dairy international challenger cimic cochlear coles downer group fairfax media fosters holden james hardie jb hi fi john holland macquarie radio manildra group metcash national storage news corp australia nine entertainment optus qantas qube holdings rm williams seven west media southern cross austereo st george bank star entertainment group vero insurance virgin australia zinifex corporate controversies and collapses ansett australia bridgecorp holdings dick smith holdings firepower international great southern group james hardie asbestos controversy rodney adler brad cooper ray williams and the collapse of hih insurance king brothers masters home improvement opes prime pasminco becomes zinifex poseidon bubble price fixing in the packaging industry rene rivkin and the offset alpine fire jodee rich and one.tel christopher skase and qintex storm financial timbercorp wa inc wayne mansfield westpoint notable individuals peter abeles warren anderson reg ansett alan bond chris corrigan robert champion de crespigny janet holmes court robert holmes court rod eddington john elliott andrew forrest david gonski joseph gutnick lang hancock margaret jackson gail kelly solomon lew frank lowy david morgan hugh morgan lachlan murdoch james murdoch rupert murdoch sidney myer jacques nasser frank packer james packer kerry packer clive palmer arvi parbo gina rinehart dick smith kerry stokes ziggy switkowski harry triguboff malcolm turnbull solomon trujillo nicholas whitlam retrieved from https en.wikipedia.org w index.php title zinifex & oldid 738836200 categories companies disestablished in 2008companies formerly listed on the australian securities exchangedefunct mining companies of australiahidden categories use australian english from november 2013all wikipedia articles written in australian 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