Cu–Zn hydroxycarbonates have been studied as precursors of Cu–ZnO catalysts, with particular reference to the effect on catalyst activity of ageing the precursor prior to decomposition and reduction. The precursor obtained by precipitation from mixed nitrate solution (Cu/Zn molar ratio 2:1) at 333 K and pH 7.0 consisted of zincian malachite (Cu/Zn ≈ 85:15) and aurichalcite. The precursor was aged in the mother liquor at 333 K for various times. Characterisation by XRD, i.r., DTA, electron microscopy, EDAX and XPS showed that ageing led to loss of the aurichalcite and production of a more finely divided copper-enriched (Cu/Zn = 2:1) malachite phase. The unaged precursor yielded a catalyst of low activity for both methanol synthesis (studied at 50 bar and at 1 bar) and the reverse water-gas shift reaction. The aged precursor gave catalysts of much higher activity for both reactions. Increased ageing did not change the selectivity ratio for methanol synthesis vs. reverse shift in the CO₂+ H₂ reaction at normal pressure.