Perilya in halt on contract change

Shares in Perilya have been placed in a trading halt pending the release of details relating to a "change to a material contract".

The miner said it expects to make an announcement before the start of trade this Friday.

Shares in Perilya last traded at 32.5 cents.

Earlier this year, Chinese metals processing company Shenzhen Zhongjin Lingnan Nonfemet Co took control of Perilya after subscribing to $45.5 million worth of shares, representing a 50.1 per cent interest.

As a result of the placement, Zhongjin nominated Zhang Shuijian to take the chairman role with former chairman Patrick O'Connor relegated to deputy.

Perilya mines zinc and lead at its Broken Hill operation in New South Wales and operates the Beltana zinc mine in South Australia.