OTCPK:IVWFF - Post by User
Post by
InvestDawgon Feb 26, 2004 9:36pm
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Post# 7125822
Teck Cominco declares lead force majeure
Teck Cominco declares lead force majeure
Does this make any difference to the price of lead ?
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Teck Cominco declares lead force majeure
10:40 EST Wednesday, February 25, 2004
VANCOUVER, Feb. 25 /CNW/ - Teck Cominco Limited announced today that its subsidiary, Teck Cominco Metals Ltd., has declared force majeure on its refined lead contracts. The declaration results from damage to the KIVCET lead furnace and boiler at the Trail Metallurgical Operations caused by an explosion on February 2, 2004.
The furnace is still expected to resume production in the second half of March. However, deliveries to lead customers are not expected to resume until April, 2004.