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ZincOx Resources reports record monthly EBITDA at its Korean Recycling Plant

Tue, 09th Jun 2015 14:57

Recycling firm ZincOx announced record monthly earnings before interest, tax, depreciation and amortisation (EBITDA) at its wholly-owned Korean Recycling Plant.May EBITDA climbed from $0.77m to $1.01m month-on-month, driven by an increase in zinc recovery from 90% to 91%, and concentrated produced zinc from 3,006 tonnes to 3,618 tonnes.Throughput of electric arc furnace dust (EAFD) moved closer to its target of 17,600 tonnes with an increase of 1,135 tonnes to 15,668."Generating $1m of EBITDA in a month is an important milestone for the company," said chief executive Andrew Woollett."The continuing optimisation of the operation in Korea is leading to greater profitability and further fine tuning of the plant should increase recovery over the next few months."The group said that it is addressing a lack of EAFD, which is curtailing EAFD treatment by entering into new contracts that should become effective in July 2015.
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23 Jan 2017 10:36

ZincOx Resources teams up with Korea Zinc to start up plant in Vietnam

(ShareCast News) - ZincOx Resources, an AIM-listed company that recycles hazardous waste generated by recycling steel scrap, has entered into a joint-venture agreement with Korea Zinc company (KZC) to develop a recycling plant in Vietnam. Under the agreement, KZC will fund 100% of a Definitive Devel

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12 Jan 2017 12:30

ZincOx acquires Korea Zinc for $7.95m

(ShareCast News) - ZincOx Resources, an AIM listed company that recycles hazardous waste generated from recycling steel scrap, has announced that it has entered into a sale and purchase agreement with Korea Zinc company (KZC) with regard to the company's remaining interest in Zinc Oxide corporation,

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24 Nov 2016 12:38

ZincOx Resources and Korea Zinc Co in Vietnam recycling plant JV

(ShareCast News) - ZincOx Resources and Korea Zinc Company Ltd (KZC) have entered a Memorandum of Understanding (MoU) for the joint design and development of a recycling plant in Vietnam. The MoU foresees KZC funding 100% of a Definitive Development Study (DDS) in sufficient detail to enable the rai

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28 Sep 2016 11:20

ZincOx operating loss widens amid viability concerns

(ShareCast News) - ZincOx Resources announced its unaudited half yearly results for the six months to 30 June on Wednesday, with revenue of $0.64m more than doubling from the $0.29m in the 2015 interim period. The AIM-traded firm's operating expenses were almost three times what they were in the pri

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28 Sep 2016 09:43

WINNERS & LOSERS SUMMARY: UK Mail Jumps On Deutsche Post Cash Offer

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28 Sep 2016 07:37

ZincOx Shares Plummet As Loss Widens And Threat Of Suspension Looms

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1 Sep 2016 09:57

WINNERS & LOSERS SUMMARY: Weak UK Recruitment Market Hits Hays Stock

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11 Jul 2016 07:43

ZincOx Hires AIM Veteran Donald McAlister As New Finance Director

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17 Jun 2016 16:33

ZincOx raises £300,000 for working capital, other opportunities

(ShareCast News) - ZincOx Resources has raised £300,000 at 1p a share, proceeds going to working capital and various opporunities over the next 12 months using its metallurgical expertise. At 16:47 BST, shares in ZincOx were up 28% to 0.8p. It is working with EETAC, a consortium of US and intern

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17 Jun 2016 11:02

LONDON MARKET MIDDAY: Threatened National Grid Left Behind By Rally

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17 Jun 2016 09:46

WINNERS & LOSERS SUMMARY: National Grid Hit By Break-Up Recommendation

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17 Jun 2016 07:38

ZincOx Resources Raises GBP300,000 In Share Placing (ALLISS)

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10 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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12 May 2016 10:08

ZincOx Shares Rise As It Begins Rebuilding Company After Tough 2015

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29 Apr 2016 11:41

ZincOx Completes Transfer Of 90% Recycling Stake To Korea Zinc

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