Feb 19 (Reuters) - Padaeng Industry PCL PDI.BK :
* Pdi will cease its conventional zinc business by the end of 2017
* Pdi's mae sod mine will be fully depleted by the end of 2016
* All efforts to identify and obtain permits for additional mine deposits in Thailand and neighboring countries have failed
* As a result the continuation of pdi's zinc business would solely depend on imported ores, mainly from South-America and Australia.
* Operational costs will largely exceed revenues from the zinc business and pdi might generate continuous losses"
* Board of directors also decided to speed-up the investment program in the make-over of the company into sustainable businesses
* PDI will continue to produce zinc from conventional supply till 2017
* Source text for Eikon ID:nSETsf6b0a
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