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Article: BRIEFING - ASIA MINING - JAN 8, 2009.

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AsiaPulse News
Article date:
January 8, 2009
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An executive briefing on mining for Jan 8, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

MITSUI KINZOKU SEEN BRACING FOR FY08 PRETAX LOSS

TOKYO - Japan's Mitsui Mining & Smelting Co. (TSE:5706), also known as Mitsui Kinzoku, will likely be forced to abandon its forecast for a group pretax profit of 20 billion yen (US$216 million) in the year ending in March as plunging metals prices push the firm into the red.

The nonferrous metals company will probably record a pretax loss of a few billion yen, its first since logging red ink of 4 ...

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