Minera Milpo reaps from the zinc gain

LIMA (Scrap Monster): When the investors around the  world are being shattered, with the decline in the price of almost all the commodities, the bondholders associated with the Peru based zinc miner, Minera Milpo, are shining like stars.

As all know, the price of oil to copper, everything slumped 10.8 percent in the market, except zinc, the metal used in almost everything from batteries, to brass, gained about 8 percent. The rise in the price of iron has benefitted the  Minera Milpo, as it propelled with 14 percent of returns, in the mining company’s total 350 million dollars worth notes, that is due in the year 2023 over the era, which makes double the average gain made, when compared to similar metal and the metal based companies.

The company, contributes about 20 percent of Peru’s total zinc production and is  enjoying the benefits gained from the supply shortage of the metal, that has hiked up the price of zinc, and assisted the company to post the seventh quarterly profits. The rally in the bonds is expected to be extended to the next year, as the company, which is based in Lima, is planning to boost the production at its mine.

The analysts stated that the metal zinc is in a better condition when  compared  with other metals, and the outlook for the metal in the coming years also looks positive.