Reuters reported that Terramin Australia may know the extent of damage caused by an electrical incident this week at its Angas lead and zinc operation which forced it to suspend milling work.

The facility near Adelaide in South Australia state started up in 2008 and had been expected to yield 47,000 tonnes of zinc concentrate and 18,500 tonnes of lead concentrate this year.

Mr Kevin Moriarty MD of Terramin said that "I'm waiting on a report which I hope to get this afternoon from the engineers. There are a lot of people looking at it."

Mr Moriarty said that the affect on production and its full-year forecast if any were being evaluated. Terramin holds a supply agreement with JP Morgan's metals and concentrates trading arm for zinc concentrate and a supply agreement with Nyrstar to deliver lead concentrate to Nyrstar's Port Pirie, Australia lead smelter.

The incident occurred on Monday in a high-voltage switch room housed as part of the ore grinding process. China Nonferrous Metal Industry's Foreign Engineering and Construction Company this month said it was increasing its stake in Terramin to 19.86% from 14.38%.

(Sourced from Reuters)