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Lead News

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Ferrum Crescent completes fundraising to advance Spain project

By: Creamer Media Reporter      22nd May 2018 Exploration company Ferrum Crescent, which will soon be known as Europa Metals, has completed a fundraising to progress resource delineation and to commission an initial scoping study at its lead/zinc project, in Spain. The company on Tuesday issued new shares and options to raise about... 

Ferrum Crescent name change approved

By: Creamer Media Reporter      21st May 2018 Australian company Ferrum Crescent has gained shareholder approval to change its name to Europa Metals, in a move designed to emphasise its involvement in a zinc, lead and silver project in Spain. The company last year sold its Moonlight iron-ore asset in South Africa and is now focusing on the... 

Canadian Zinc seeks to raise C$195m in debt for Prairie Creek

By: Mariaan Webb     17th May 2018 Negotiations are under way and proposal are being evaluated for potential debt financing for the Prairie Creek zinc/lead/silver project that TSX-listed Canadian Zinc is advancing in the Northwest Territories. The company, which this week named former KGHM International executive Don MacDonald... 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Maiden resource estimate for Asiamet's BKZ

By: Creamer Media Reporter      16th May 2018 London-listed Asiamet Resources believes that its BKZ polymetallic deposit has the potential to be the company’s second mine in the BK district of Kalimantan, Indonesia, the firm said on Wednesday, announcing an initial resource estimate for the project. The resource estimate for BKZ, which is... 

Callinex jumps 35% on viable combined Nash Creek, Superjack PEA

By: Henry Lazenby     15th May 2018 Base metals-focused Callinex Mines has made public the results of a preliminary economic assessment (PEA) examining the production of zinc from the combined 100%-owned Nash Creek and Superjack projects, located in New Brunswick’s prolific Bathurst Mining District, in Maritime Canada. The PEA... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing
Photo by Trevali Mining
The Santander mine, Peru

Gold industry running risk of becoming irrelevant – Bristow

By: Martin Creamer     10th May 2018 The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... 

Gold industry running risk of becoming irrelevant – Bristow
Photo by Creamer Media
Randgold Resources CEO Dr Mark Bristow

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Agarwal encouraging Anglo to accentuate South Africa link
Photo by Dylan Slater
Anil Agarwal (right) and Martin Creamer

Weatherly’s shares fall as it appoints more financial advisers to review possible sale

By: Marleny Arnoldi     26th April 2018 Aim-listed copper miner Weatherly International’s share price on the LSE fell by nearly 70% on Thursday after it announced the appointment of additional financial advisers to review strategic alternatives for the company, including its potential sale.  

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Ferrum Crescent appoints Spanish consultancy at Toral

By: Creamer Media Reporter      23rd April 2018 European explorer Ferrum Crescent has engaged the services of Spanish consultancy Mining Sense to complement the existing operational team at the Toral lead/zinc/silver project. Led by Mining Sense technical director Jesús Montero, the consultancy team will assist with the preperation of... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

Latin America the leading region in new global wave of exploration

Callinex lifts Nash Creek resources in New Brunswick’s Bathurst Camp

By: Henry Lazenby     17th April 2018 Base metals-focused Callinex Mines has reported a substantial resource increase at the near-surface Nash Creek deposit, in New Brunswick’s Bathurst Mining Camp. The Canadian National Instrument 43-101-compliant indicated resource rose 74% over prior estimates to 963-million pounds of zinc... 

Maiden resource announced at Connemara’s Stonepark JV

By: Creamer Media Reporter      17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Trevali Q1 output a mixed bag but in line with expectations

By: Henry Lazenby     13th April 2018 Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the year, owing to the impact of seasonal winter conditions on Caribou’s zinc recoveries, in New... 

Good start to 2018 puts CAML on track to meet guidance

By: Mariaan Webb     12th April 2018 UK-based Central Asia Metals (CAML), which bought the Sasa zinc/lead mine in Macedonia last year, has had a good start to 2018, despite cold weather conditions at its Kounrad mine, in Kazakhstan. The Kounrad mine produced 3 070 t of copper in the first quarter, compared with 3 357 t in the same... 

Good start to 2018 puts CAML on track to meet guidance
The Sasa mine in Macedonia

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

Russia’s Chelyabinsk reports higher output

By: Creamer Media Reporter      27th March 2018 Russian zinc and zinc alloys producer Chelyabinsk Zinc Plant (CZP) has increased its production by 4.7% in the year ended December. Saleable SHG zinc and zinc-based alloys production amounted to 183 002 t of in 2017, compared with 174 803 t in 2016, the LSE-listed company reported on Tuesday. 

Vast expands Manaila’s mineral resource

By: Creamer Media Reporter      26th March 2018 Aim-listed Vast Resources has significantly expanded the mineral resource estimate of its Manaila polymetallic mine, which, when the company bought the Romanian mine in 2015, had less than 400 000 t of mineral resources left in the operating pit. The openpit mineral resource in the measured and... 

SLAM stakes new cobalt project in Bathurst Mining Camp

By: Henry Lazenby     23rd March 2018 Base metals-focused project generator SLAM Exploration's shares jumped 50% on Friday after the junior announced that it had acquired a new cobalt exploration property in the Bathurst Mining Camp of New Brunswick through claim staking. The Miramichi, New Brunswick-based explorer said it had staked... 

Excellon swings back into black on dry mining conditions

By: Henry Lazenby     23rd March 2018 Mexico’s highest-grade silver producer, Excellon Resources, has reported its first quarterly headline profit since the second quarter of 2016, thanks to optimisation efforts to effectively dewater the flagship Platosa mine. The Platosa deposit comprises several high-grade massive sulphide mantos... 

Excellon swings back into black on dry mining conditions

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

China's enviro policies, EV growth two megatrends to boost most commodities

By: Henry Lazenby     13th March 2018 Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of commodities, including coal, aluminium, lithium and cobalt production chains. Commodity research... 

China's enviro policies, EV growth two megatrends to boost most commodities
Photo by Bloomberg
Cobalt metal nuggets

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days
Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

Multimillion-rand processing plant reinvigorates the old Zincor Refinery

By: Nadine James     7th March 2018 Vele Private Equity (VPE), a wholly owned subsidiary of Vele Investments, on Wednesday officially launched a multimillion-rand zinc processing plant aimed at processing one of four remaining tailing dumps at the old Zincor Refinery, in Springs, east of Johannesburg. The launch was attended by... 

Multimillion-rand processing plant reinvigorates the old Zincor Refinery
Photo by Nadine James
EBM raised R140-million from international investors for the construction of the plant. VPE will be contributing R20-million to cover the remaining plant cost.

Tanga starts drilling for zinc in Namibia

By: Anine Kilian     7th March 2018 ASX-listed Tanga Resources, which is exploring for gold in Tanzania, has now also started a search for zinc in Namibia, with the company announcing the start of drilling at its recently acquired Joumbira project. A diamond drilling programme is planned for four holes, totalling about 600 m,... 

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Azure exploration returns strong zinc, lead anomolies

By: Megan van Wyngaardt     2nd March 2018 ASX-listed Azure Minerals' regional exploration programme over the western half of the Oposura project area, near Hermosillo, Mexico, has identified areas of strong zinc and lead anomalism and high-grade gold, silver and base metals mineralisation on the Mina Blanca Ranch prospect. The company is... 

Azure exploration returns strong zinc, lead anomolies

Jubilee, BMR extend agreement deadline for Zambia project

By: Megan van Wyngaardt     1st March 2018 Dual-listed Jubilee Metals Group and Aim-listed BMR Group have agreed, under their joint venture (JV) agreement for the Kabwe lead/zinc/vanadium project, in Zambia, to extend the date for the fulfilment of all conditions precedent from February 28 to March 31. The extension will allow for the... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Global lead market surplus widens in December – ILZSG

By: Reuters     20th February 2018 The global lead market showed a surplus of 20 000 t in December, after a surplus of 9 900 t in November, data from the Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Tuesday. For January to December, the lead market had an output deficit of 165 000 t, compared with a... 

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