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PRODUCTION CURTAILED AT HOBART SMELTER

Pasminco Limited reports that a fire in an overhead concentrate conveyor system last night has required a production stop at its Hobart Smelter. There were no injuries in the fire however damage to the conveyor system is extensive. The conveyor transports concentrate feedstock from the wharf area to the primary leach process area.

It is too early to accurately predict the duration of the interruption to production as alternative short-term transportation systems are presently being studied. It is unlikely that production could resume at meaningful production rates for approximately two weeks.

Pasminco is investigating the cause of the fire and has advised its insurers. Further announcements will be made once the extent of the production shutdown is known.


Further Information:
Peter Griffin
Group Manager - Public Affairs
Phone 61 3 9288 0463
Mobile 0419 314 265

Matt Pollard
Executive General Manager
Human Resources & Corporate Affairs
Phone 61 3 9288 0428
Mobile 0408 387 229

David Lambert
General Counsel and Company Secretary
Phone 61 3 9288 0425
Mobile 0419 346 004

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