Toronto-based Strategic Resource Acquisition Corp. was only about $20 million and roughly three months shy of opening its Mid-Tennessee zinc mining complex - which the company says holds some of the world's richest concentrates - when the credit crisis hit.rnThe crisis forced the company to put its $160 million project, located 50 miles east of Nashville, on care and maintenance for the indefinite future, or at least until the current global economic meltdown stabilizes. But SRA's CEO Victor Wyprysky says the pummeling that zinc prices have taken in the last month might have been enough by itself to drive SRA to make the hard choice it had tried to avoid.rn"We had to come up with an equipment financing to complete the ... opening of the last stages of the mine," Wyprysky told Platts in a recent interview. "But in this credit environment, there's virtually no ability to raise money.
展开▼
