Australia headquartered, Consolidated Zinc’s operations at Plomosas mine, Mexico will be suspended until April 30 in line with the government’s orders to control the spread of COVID-19.
Mexican government has allowed only essential services while non-essential services will remain halted amid the pandemic. The company announced that its business could restart sometime between May 1-31 subject to the pandemic status.
Mexico has mapped red, yellow and green zones- red being COVID-19 active, yellow are areas neighbouring the red zone and green zone with no or limited cases. The company’s plants, viz. Plomosas and Aldama plant are in yellow zones and are scheduled to return to business in the second half of May unless the zoning changes.
During the lockdown period announced April 6, the mine was put under care and maintenance. Operation are expected to restart at a lower cost base, according to the company’s latest report.
The company updated drilling status at Plomosas mine and the results include 5.1 metres at 14.2pc zinc, 5.39pc of lead and 3.5 metres at 22.54pc of zinc, 7.46pc of lead according to a filing report on April 23.