SALE OF ELURA MINE GOES UNCONDITIONAL

Pasminco today announced that the agreement with Consolidated Broken Hill (CBH) to sell its Elura mining operation near Cobar and Newcastle ship loader in New South Wales had entered the unconditional stage. All conditions precedent have either been satisfied or waived.

The sale process will now enter the transition period and is expected to be completed in mid September.

Pasminco announced in April that it had entered into an agreement with CBH to sell the Elura mine and Newcastle shiploader for $22.2 million.

For further information contact:
Trevor Shard
General Manager Investor and Community Relations
++ 61 (3) 9288 9186
0419 584 515

Stephen Baines
Manager Public Affairs
++ 61 (3) 9288 0215
0418 992 651

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