SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Rule 13d-101
Under the Securities Exchange Act of 1934
(Amendment No. )
CHIEF CONSOLIDATED MINING COMPANY
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Classes of Securities)
168628 10 5
- --------------------------------------------------------------------------------
(CUSIP Number)
Richard J. Ashby
Route 3 and Monsanto Drive
Sauget, IL 62201
618-274-6238
- --------------------------------------------------------------------------------
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 11, 1995
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (However, see the notes).
(Page 1 of 8 Pages)
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KZ Utah, Inc.
37-1359958
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3) SEC USE ONLY
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4) SOURCE OF FUNDS*
WC
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5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 500,000
NUMBER OF SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 0 shares
OWNED BY EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 500,000
PERSON WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 0 shares
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
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12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (9)
8.3%
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14) Type of Reporting Person*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 3 of 8 Pages
Item 1. Security and Issuer
The class of equity securities to which this Schedule 13D relates is the
Common Stock of Chief Consolidated Mining Company (the "Issuer"). Its principal
executive offices are located at 500 Fifth Avenue, New York, New York 10110.
Item 2. Identity and Background
The person filing this statement is KZ Utah, Inc., a Delaware corporation
("KZ Utah"), a holding company whose principal assets consist of the Issuer's
common stock and the joint venture interest described in Item 3 below. The
principal office of KZ Utah is Route 3 & Monsanto Ave., Sauget, Illinois 62201.
The parent corporation of KZ Utah is KZ America, Inc., ("KZ America"). The
principal office of KZ America is Route 3 and Monsanto Ave., Sauget, Illinois
62201. KZ America is an United States based holding company for its parent
corporation, Korea Zinc Company, Ltd. of South Korea ("Korea Zinc"), which is
engaged in the metal business. The principal office of Korea Zinc is 142,
Nonhyon-dong, Gangnam-gu, Seoul, Korea. Korea Zinc is a publicly held company
listed on the Korea Stock Exchange.
(d) During the past five years none of KZ Utah, KZ America, Korea Zinc, nor
their respective directors, executive officers, and control persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the past five years none of KZ Utah, KZ America, Korea Zinc nor their
respective directors, executive officers, and control persons has been a party
to a civil proceeding of a judicial or administrative body as a result of which
a judgment, decree or final order has been issued enjoining future violations
of, or prohibiting or mandating activities subject to, United States federal or
state securities laws or finding any violation with respect to such laws.
For information required by General Instruction C to Schedule 13D with
respect to the executive officers, directors and control persons of KZ Utah, KZ
America and Korea Zinc, reference is made to Schedule I annexed hereto and
incorporated herein by reference.
Item 3. Source and Amount of Funds or Other Consideration
Korea Zinc obtained the right to acquire the 500,000 shares of the Issuer's
common stock which is the subject of this Schedule 13D (the "Stock") on
September 11, 1995 from Akiko Gold Resources Ltd. ("Akiko") in connection with
the acquisition of a 25% interest (half of Akiko's 50% interest) in a joint
venture with the Issuer. Akiko had previously been granted the right to acquire
the Stock by the Issuer pursuant to the agreement governing such joint venture.
On September 27, 1995, Korea Zinc deposited $2,000,000 into an account
maintained by Akiko which in turn transferred such amount to the Issuer in
payment for the Stock. The Stock was thereafter issued in Korea Zinc's name. On
March 17, 1997, Korea Zinc transferred the Stock to KZ Utah.
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 4 of 8 Pages
Item 4. Purpose of Transaction
The securities were acquired for investment.
KZ Utah does not have any plans or proposals that relate to or would result
in any of the actions specified in clauses (a) through (j) of Item 4 in Schedule
13D.
Item 5. Interest in Securities of the Issuer:
KZ Utah beneficially owns, and has sole voting and dispositive power with
respect to, 500,000 shares of common stock of the Issuer which constitutes 8.3
percent of the total amount of stock in that class. None of the other persons
named in Item 2 beneficially owns any securities of the Issuer.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
KZ Utah and the Issuer have entered into the joint venture described in
Item 3 which pertains to the operation of mining properties in the Tintic Mining
District in Juab and Utah counties, Utah.
Item 7. Material to be Filed as Exhibits
None
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 5 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certifies that the information
set forth on this statement is true, complete and correct.
January 15, 1998
----------------------------------------
(Date)
/S/ Richard J. Ashby
----------------------------------------
(Signature)
Richard J. Ashby, General Counsel
----------------------------------------
(Name/Title)
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 6 of 8 Pages
SCHEDULE I
(a) - (c), (f) The following is a list of directors and executive officers of KZ
Utah, their citizenship, their business addresses (if other than the principal
office of KZ Utah), their positions held with KZ Utah, and their principal
occupations, as of January 12, 1998.
<TABLE>
<CAPTION>
Name/Citizenship Business Address Position Principal Occupation
- ---------------- ---------------- -------- --------------------
<S> <C> <C> <C>
Chang Keun Choi/Korea 142 Nonhyon-dong, President and Director President of Korea Zinc
Gangnam-gu
Seoul, Korea
Yong Duk Kim/Korea 142 Nonhyon-dong, Vice President and Director Managing Director of
Gangnam-gu Korea Zinc
Seoul, Korea
Hess Kim/Korea 142 Nonhyon-dong, Vice President and Director Manager of Resource
Gangnam-gu Development of Korea Zinc
Seoul, Korea
Lawrence S. Thaier/USA Treasurer Vice President and Chief
Financial Officer of Big
River Zinc Corporation
Richard J. Ashby/USA Secretary and Director Vice President and
General Counsel of Big
River Zinc Corporation
George M. Obeldobel/USA Director President and Chief
Executive Officer of Big
River Zinc Corporation
</TABLE>
The following is a list of directors and executive officers of KZ America, their
citizenship, their business addresses (if other than the principal office of KZ
America), their positions held with KZ America, and their principal occupations,
as of January 12, 1998.
<TABLE>
<CAPTION>
Name/Citizenship Business Address Position Principal Occupation
- ---------------- ---------------- -------- --------------------
<S> <C> <C> <C>
Chang Gurl Choi/Korea 142 Nonhyon-dong, Chairman, President and Chairman of Korea Zinc
Gangnam-gu Chief Executive Officer
Seoul, Korea
Yong Duk Kim/Korea 142 Nonhyon-dong, Director Managing Director of
Gangnam-gu Korea Zinc
Seoul, Korea
Chang Young Choi/Korea 142 Nonhyon-dong, Director Vice Chairman of Korea
Gangnam-gu Zinc
Seoul, Korea
Lawrence S. Thaier/USA Controller and Treasurer Vice President and Chief
Financial Officer of Big
River Zinc Corporation
Richard J. Ashby/USA General Counsel and Vice President and
Secretary General Counsel of Big
River Zinc Corporation
George M. Obeldobel/USA Director President and Chief
Executive Officer of Big
River Zinc Corporation
</TABLE>
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 7 of 8 Pages
The following is a list of directors and executive officers of Korea Zinc and
their positions held with Korea Zinc as of January 12, 1998. The business
address for each listed individual is the principal office of Korea Zinc and the
principal occupation for each listed individual is their position held with
Korea Zinc. The citizenship for each listed individual is Korea.
Name Position
---- --------
Chang Gurl Choi Chairman
Chang Young Choi Vice Chairman
Chang Keun Choi President
Soon Chul Choi Executive Vice President
Byung Ho Choi Executive Director
Eui Ryung Lee Executive Director
Keun Cheol Choi Executive Director
Ki Sung Lee Managing Director
Chong Hwa Park Managing Director
Yong Duk Kim Managing Director
Soo Mo Koo Director
In Chang Jung Director
Doo Yong Sung Director
Jae Koo Lee Director
Jin Ho Kim Director
Hyung Chin Chang Director
Heong Yoon Ryu Auditor
Bum Woo Han Auditor
Young Poong Corporation and Young Poong Mining & Construction Corp. may be
deemed control persons of Korea Zinc. The following is a list of directors and
executive officers of Young Poong Corporation and Young Poong Mining &
Construction Corp. and their positions held with each such company as of January
12, 1998. The business address for each individual listed under Young Poong
Corporation is 142 Nonhyon-dong, Gangnam-gu, Seoul, Korea. The business address
for each individual listed under Young Poong Mining & Construction Corp. is
221-2, Nonhyon-dong, Gangnam-gu, Seoul, Korea. The principal occupation for each
listed individual under Young Poong Corporation is their position held with
Young Poong Corporation, except for Chang Gurl Choi whose principal occupation
is Chairman of Korea Zinc. The principal occupation for each listed individual
under Young Poong Mining & Construction Corp. is their position held with Young
Poong Mining & Construction Corp.
<PAGE>
CUSIP NO. 168628 10 5 SCHEDULE 13D Page 8 of 8 Pages
YOUNG POONG CORPORATION
Name Position
---- --------
Hyung Chin Chang Chairman
Doo Soon Lee President
Doo Hoon Han Vice President
Won Chul Park Vice President
Myoung Soo Kim Managing Director
Won Hang Joo Managing Director
Jang Hee Lee Managing Director
Dong Ho Kim Managing Director
Chang Gurl Choi Director
Chul Jin Jang Director
Sung Ryo Yoon Auditor
Jae One Son Auditor
YOUNG POONG MINING & CONSTRUCTION CORP.
Name Position
---- --------
Chul Chin Chang Chairman
Yong Soon Lee President
Chan Il Jung Vice President
Byeong Nam Choi Vice President
Keum Seong Choi Executive Director
Sun Shin Director
Jin Choi Auditor
