Head of Smelting Resigns

Pasminco Limited (Administrators Appointed) advises that Executive General Manager Australian Smelting, Stephen O’Donnell, has tendered his resignation effective 31 December 2001.

Mr O’Donnell has headed Pasminco’s Australian smelting business since January 2000. A replacement for Mr O’Donnell will not be progressed at this time given the uncertainty surrounding the forward strategy for Pasminco which appointed Voluntary Administrators on 19 September 2001.

From 1 January 2002, those persons previously reporting to Mr O’Donnell will report directly to Chief Executive Officer Greig Gailey.





For further information contact:

Trevor Shard
Group Manager Investor Relations
++61 (3) 9288 9186 or 0419 584 515

Peter Griffin
Group Manager Public Affairs
++61 (3) 9288 0463 or 0419 314 265

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